Sui’s recent surge has cooled after reaching a high of $4.21 on May 12th. The token is currently trading around $3.84, indicating weakening strength as evidenced by declining daily trading volume and derivatives activity. Despite the dip, Sui remains a top performer in the sector, having risen over 100% during its most recent rally. However, momentum has slowed down. Trading volume has dropped 30.5% to $1.13 billion while derivatives activity has decreased by 31.2% to $3.07 billion as per Coinglass data. Open interest has also edged down slightly, dropping 1.8% to $1.8 billion, further suggesting a cooling of short-term speculation. This comes just after the announcement of a new partnership between Sui and 21Shares, a well-known crypto exchange-traded product issuer, on May 14th. This strategic move will focus on boosting global awareness and adoption of SUI, particularly in the U.S., where 21Shares is expanding as regulatory conditions improve and institutional demand grows.