- Sui surged nearly 30% as bulls extended gains from December 2, 2025.
- Coinbase announced that New York residents can now access Sui on the exchange.
- SUI price hit an intraday high of $1.79 as the broader crypto market rallied.
Sui (SUI) climbed almost 30% on Wednesday as renewed optimism swept the cryptocurrency market, bolstered by a regulatory milestone that allows New York residents to buy Sui on Coinbase. The announcement reinforced the altcoin’s rally.
The sharp move over the past 24 hours pushed the native token of the layer-1 blockchain to an intraday peak of $1.79, a level not seen since mid-November.
Earlier in the session, SUI had tracked broader crypto weakness and fell to a low of $1.38 amid macroeconomic uncertainty and elevated risk-off sentiment.
However, a swift turnaround driven by fresh buying pressure and positive exchange-listing news quickly erased those losses and shifted market sentiment to the upside.
Sui outperforms major altcoins — why did SUI spike 30%?
The nearly 30% intraday gain in Sui significantly outpaced most large-cap altcoins, many of which posted single-digit gains over the same period.
Bitcoin rose roughly 7% to peak near $93,000 before trimming some gains, while Ethereum climbed about 9% but remained near $3,000. Elsewhere, Solana rose about 10% to above $140.
SUI’s surge signaled relative strength, extending momentum that began on December 2.
Importantly, these gains followed Coinbase’s announcement that New York residents can now buy and hold Sui directly on the exchange and in its mobile apps.
New York residents can now access Sui on @coinbase. https://t.co/nLK5HQWXGf
— Sui (@SuiNetwork) December 1, 2025
Trading volumes on major centralized exchanges surged alongside the price. According to CoinMarketCap, 24-hour token volumes exceeded $1.85 billion, marking roughly a 202% increase on the day.
Price outlook for Sui
Several catalysts could converge to allow bulls to test key resistance levels, as analysts note a number of tailwinds that may support SUI in the coming weeks and months.
At the macro level, Federal Reserve rate decisions and overall policy direction remain primary short-term drivers.
Growing expectations for a more crypto-friendly regulatory environment in the U.S., the ongoing development of spot ETF markets, and moves in Treasury yields also add to the positive sentiment.
On fundamentals, the Sui ecosystem continues to expand rapidly in high-growth verticals.
Gaming remains a standout sector, with major titles and studios migrating to Sui due to its object-centric data model and near-instant finality. Total value locked (TVL) in Sui DeFi protocols has also risen above $1.9 billion.
Initiatives to tokenize real-world assets (RWA) have brought institutional partnerships for tokenized treasuries and private credit onto the blockchain, adding further practical use cases.
Interest across these segments gives Sui diversified narrative drivers beyond pure speculation.
Technical indicator analysis supports the bullish case.
If bulls hold above $1.60 and risk appetite remains intact, the next target is $2.20. The January 2025 peak of $5.35 represents a longer-term target should momentum continue.