Sui pumped nearly 30% as bulls extended gains seen on December 2, 2025.
Coinbase announced that New York residents can now access Sui on the exchange.
SUI price hit intraday highs of $1.79 as the broader crypto market posted a rebound.
Sui (SUI) surged nearly 30% as cryptocurrencies showed renewed optimism on Wednesday, with a regulatory breakthrough that allows New York residents to buy Sui on Coinbase, bolstering the altcoin.
The sharp rally, which unfolded 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 had mirrored the broader cryptocurrency market’s weakness, dipping to lows of $1.38 amid profit-taking and macro uncertainty.
However, a swift reversal, fueled by renewed buying pressure and positive exchange-related developments, quickly erased those losses and turned sentiment bullish.
Sui price outpaces top altcoins- why did SUI explode 30%?
Sui’s near-30% intraday advance significantly outperformed most large-cap altcoins, many of which posted single-digit gains during the same period.
Bitcoin rose roughly 7% to highs of $93,000 before paring some of the gains, while Ethereum climbed 9% but remained tethered near $3,000. Elsewhere, Solana managed around 10% to above $140.
SUI’s pump signaled relative strength, with the latest leg higher extending momentum that began on December 2.
Notably, these gains come after Coinbase announced that New York residents can now purchase and hold Sui directly on the exchange and its mobile applications.
New York residents can now access Sui on @coinbase. https://t.co/nLK5HQWXGf
— Sui (@SuiNetwork) December 1, 2025
Trading volume across major centralized exchanges spiked in tandem with the price surge. Per CoinMarketCap, the token’s 24-hour volumes exceeded $1.85 billion, up about 202% on the day.
What’s the Sui price outlook
Notably, multiple catalysts could align to allow bulls to test key levels. That’s because analysts see several tailwinds that could propel SUI higher in the coming weeks and months.
At the macro level, the Fed’s rate decision and leadership a leading short-term catalysts.
Growing expectations of a more crypto-friendly regulatory environment in the US and spot ETFs, as well as treasury asset moves, also add to the upbeat mood.
On the fundamental front, Sui’s ecosystem continues to expand rapidly across high-growth verticals.
Gaming remains a standout sector, with major titles and studios migrating to Sui for its object-centric data model and sub-second finality. Total value locked in decentralized finance protocols on Sui has also climbed above $1.9 billion.
Also in the mix are real-world asset (RWA) tokenization initiatives, which have brought key institutional partnerships for tokenized treasuries and private credit to the blockchain network.
Traction in these segments provides Sui with diversified narrative drivers beyond pure speculation.
A look at technical indicators supports the bullish thesis.
If bulls hold above $1.60 and risk appetite remains intact, a move to $2.20 will be next. The all-time high of $5.35 reached in January 2025 is a near-term target.
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