Sui surges 50% on institutional interest and stablecoin push.
Sui Network's native token SUI has surged 50% in the past seven days after the Nasdaq-listed company acquired a large stake in its token offering and developers announced upcoming features including zero-fee stablecoin transfers and private transactions.
SUI was trading around $0.94 according to CoinGecko before rising to $1.41 on May 4. During the same time frame, the transaction volume increased from $213 million to $2.5 billion.
Ryan McMillin, co-founder and chief investment officer of Merkle Tree Capital, an Australian crypto investment manager, told Cointelegraph that the rally was likely driven by several consolidation catalysts.
Nasdaq-listed Sui Group Holdings on Friday pointed to a “meaningful supply squeeze” as a “very close trigger” after entering a total Sui treasury of more than 108 million tokens worth more than $143 million.
Swi launched the network in May 2023, with the aim of being scalable and faster for financial institutions to process transactions. African payments infrastructure company Paga Group has partnered with Suu to develop blockchain-powered cross-border transfers and stablecoin products at Consensus 2026 Miami on Thursday.
Personal fee-free stable coin promise
Adeniyi Abiodun, the co-founder of Mysten Labs behind Sui Network, announced the imminent release of zero-fee stablecoin transfers in Consensus 2026 and reiterated plans to add a private transaction feature.
Privacy-focused cryptocurrency Zcash (ZEC) surged more than 70% last week as crypto traders began to pay more attention to privacy-focused projects. Privacy was an important investment theme for crypto in 2025, with privacy-focused tokens on the rise despite a broader decline in the rest of the market.
Source: Adeniyi Abiodun
“This makes SUI attractive for payments and liquid payments with low friction, as well as agency AI payments. The Nasdaq angle is also interesting: it puts SUI in the same public company treasury/equity market access group as BTC, ETH, SOL and others, which shows growing institutional comfort,” added McMillin.
“Sui is moving from a promising L1 or high-beta play to a true adoption story. The combination of institutional stake, zero-fee ambition and access to regulatory futures is rare among alts. Check out the on-chain metrics after the announcement to confirm.”
At the same time, Abiodun said on Friday that Sui Network's prediction market, DeepBook Predict, is going live on the testnet. A March report from Bitget Wallet and Polymarket found that prediction markets were the most active among on-chain apps, with $25.7 billion in trades that month.
Rally's success depends on execution, planned release.
SUI is trading at around $1.31 since Monday. McMillin said that in the short term, the token could extend its rally as supply shocks and product news generally continue to accelerate.
“We're also in an area where we're seeing green shoots all over the crypto ecosystem, and more and more bear market hibernation seems to be over,” he said.
“Medium-term: more uncertain but constructive. Success depends on implementation, proper zero-fee rollout, Paga integration in Nigeria and development of stability coin. Sui has real technological edges and speed of use, but risks of token openings and broader crypto cycles remain.”
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