Overview
- SUI logged double‑digit daily gains and a 30%–38% week‑over‑week climb to near $2, outperforming bitcoin and ether in early January.
- Mysten Labs published a systematization paper on privacy for account‑based blockchains, outlining primitives such as confidential balances and zero‑knowledge proofs without setting a rollout timeline.
- Institutional interest surfaced through spot SUI ETF filings by Bitwise and Canary Capital, signaling potential demand channels if approved.
- On‑chain and market data show momentum: 24‑hour trading volume rose to roughly $2.1 billion, futures open interest approached about $950 million, and TVL topped $1.04 billion.
- A scheduled Jan. 1 unlock of about 43.69 million SUI was absorbed as price advanced, though analysts caution that heavy long leverage and nearby resistance could trigger a pullback.