SUI crypto surges over 30% as meme coins gain traction

SUI crypto has gone up by by nearly 32%, upholding the positive momentum from the previous trading day. SUI-based meme coins such as MIU, LOFI and BLUB have also gained popularity.

According to data from crypto.news, SUI ( SUI ) has gone up 31.8% in the past 24 hours of trading. Throughout the past few days, the token has managed to maintain its rising streak, having gone up by 41.4% in the past seven days.

SUI crypto is currently trading hands at $2.94, nearing the $3 threshold. However, it is still 45% below its all-time high of $5.35 from early January this year. SUI’s market cap stands at $9.3 billion, just $700 million shy of $10 billion. SUI ranks in 13th place on the overall crypto leaderboard by market cap, falling just below Wrapped Bitcoin ( WBTC ) and Lido Staked Ether ( STETH ).

Meanwhile, the token’s daily trading volume has reached $2.3 billion, representing a 169% rise compared to the previous trading day ago and signaling a rise in market activity.

SUI crypto’s current price rally is largely due to the increasing meme coin activity on its network. SUI-based meme coins such as MIU, LOFI and BLUB have seen a rise of trader activity which has helped propel the price of its network token upwards.

Price chart for SUI crypto in the past 24 hours of trading, April 23, 2025 | Source: crypto.news

SUI crypto meme coins on the rise

BLUB leads the charge with a 60.8% surge in the past 24 hours. It has been on a rally in the past week, having gone up by 77%. The SUI-based meme coin currently has a market cap of $7.7 million and a daily trading volume of $1 million in the past 24 hours, representing a 252.6% increase.

The cat-themed meme coin MIU has gone up nearly 20%, with a market cap of $69.4 million. On the other hand, LOFI saw an increase of 13.8% in the past 24 hours of trading.

Not only that, on-chain data shows that the SUI network has also hit a recent milestone of surpassing 500 million in total transactions processed. A 7.05% rise in user adoption has also contributed to the ecosystem’s continued growth.

According to DeFi Llama , the network has accumulated more than $1.5 billion in total value locked. Its stablecoin market cap is also nearing the $900 million mark, as it currently stands at $888 million.