Sui’s price has witnessed a significant surge of 8.27% over the last 24 hours, reaching $3.19 after briefly hitting an intraday high of $3.20. The market cap reached $10.84 billion, with circulating supply standing at 3.39 billion SUI. Trading volume has also increased to $1.12 billion, contributing to a market cap ratio of 10.41%. This surge comes amidst growing DeFi applications and investor interest from institutions. The token’s fully diluted valuation (FDV) stands at $31.96 billion, backed by a total supply of 10 billion SUI. The near-complete release of the token supply further reduces dilution risk. 8% price gains are a positive sign for investors, especially as technical indicators suggest potential upside.