- Sui surged nearly 30% as bulls extended gains that began on December 2, 2025.
- Coinbase announced that New York residents can now access Sui through the exchange.
- SUI reached intraday highs of $1.79 as the broader crypto market recovered.
Sui (SUI) jumped almost 30% as cryptocurrencies showed renewed optimism on Wednesday, driven in part by a regulatory breakthrough that allows New York residents to buy Sui on Coinbase, bolstering the altcoin.
The sharp move over the past 24 hours pushed the layer-1 blockchain’s native token to an intraday high of $1.79, a level not seen since mid-November.
Earlier in the session, SUI mirrored weakness across the broader crypto market and dipped to intraday lows near $1.38 amid profit-taking and macroeconomic uncertainty.
A swift reversal, fueled by renewed buying pressure and positive market developments, quickly erased those losses and improved sentiment.
Sui outpaces top altcoins – why did SUI surge 30%?
Sui’s near-30% intraday gain significantly outpaced most large-cap altcoins, many of which posted single-digit gains over the same period.
Bitcoin rose roughly 7% to highs around $93,000 before paring some gains, while Ethereum climbed about 9% but remained near $3,000. Solana advanced roughly 10% to above $140.
The SUI pump signaled relative strength, extending the upward momentum that began on December 2.
Notably, these gains followed Coinbase’s announcement that New York residents can now buy and hold Sui directly on the exchange and 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 rose alongside the price. According to CoinMarketCap, the token’s 24-hour volume topped $1.85 billion, an increase of about 202% on the day.
What’s the Sui price outlook?
Several catalysts could align to give bulls the chance to test key levels, as analysts point to multiple tailwinds that may lift SUI in the coming weeks and months.
On the macro side, Federal Reserve rate decisions and guidance remain a leading short-term catalyst.
Growing expectations for a more crypto-friendly regulatory environment in the U.S., progress on spot ETFs, and moves in sovereign bond markets have also contributed to positive sentiment.
Fundamentally, Sui’s ecosystem continues to expand rapidly across high-growth verticals.
Gaming remains a prominent sector, with major titles and studios moving to Sui thanks to its object-centric data model and sub-second finality. The total value locked in Sui-based decentralized finance protocols has also risen to over $1.9 billion.
There are initiatives around tokenization of real-world assets (RWA) that have secured important institutional partnerships for tokenized government bonds and private credit on the network.
Adoption in these segments gives Sui diversified narrative drivers beyond pure speculation.
Technical indicators also support the bullish thesis.
If bulls can hold above $1.60 and risk appetite remains intact, a move toward $2.20 is a plausible next target. The all-time high of $5.35 reached in January 2025 remains a medium-term objective for optimistic investors.