Overview
- SUI rallied 14%–18% in 24 hours to roughly $1.90–$1.99, extending a January advance of about 38% and topping large-cap performance over bitcoin and ether.
- Mysten Labs’ research outlines paths to confidential balances, limited anonymity sets and sender–receiver unlinkability using zero-knowledge proofs and homomorphic encryption, with no new protocol or timeline announced.
- On-chain and derivatives activity accelerated, with Sui’s TVL near $1.04 billion by Jan. 6 and futures open interest around $958 million on Jan. 7 alongside sharply higher trading volumes.
- The market absorbed the Jan. 1 vesting release of 43.69 million SUI (about $65 million) as the token maintained upward momentum.
- Institutional interest surfaced via spot SUI ETF filings from Bitwise and Canary Capital, while analysts flagged resistance near $2.23–$2.34 and possible pullbacks toward $1.70–$1.75.