SUI Soars 26% Thanks to Memecoin Momentum

SUI has experienced a significant price surge of 26%, driven by the activity of memecoins LOFI and BLUB. This rally has fueled increased user engagement, pushing SUI’s market capitalization beyond $9.34 billion and landing it in the top 13 crypto assets. The surge is attributed to the memecoin community, with its activities bolstering the network’s growth and attracting more users and liquidity. SUI’s core team, backed by Mysten Labs, has built a high-throughput blockchain. Recent spikes in network activity demonstrate the crucial role of memecoins in SUI’s rapid expansion.