The altcoin SUI has experienced a dramatic surge, jumping over 27% to hover near $2.86. This impressive gain is accompanied by a significant 148% increase in trading volume in the past 24 hours. Liquidations have reached $13.28 million during this period. This surge coincides with market optimism due to US Treasury Secretary Scott Bessent’s statement that the ongoing trade dispute between the US and China is unsustainable, contributing to a broader market cap increase of 5.89% to $2.91 trillion. Despite this momentum, the Fear and Greed Index remains steady at 52, reflecting cautious optimism rather than strong buying pressure. 24-hour trading volume reached a remarkable $2.13 billion as SUI price surged from its opening of $2.23. The asset has seen an impressive 38.72% gain over the past seven days, a testament to the bullish sentiment. Will this momentum continue?