SUI crypto has gone up by nearly 32%, upholding the positive momentum from the previous trading day.

According to data from crypto.news, SUI (SUI) has gone up 31.8% in the past 24 hours of trading.

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The price of SUI crypto has risen substantially, continuing the positive momentum from the previous trading day. Notably, SUI-based meme coins, such as MIU, LOFI, and BLUB, have gained significant popularity.

According to data from crypto.news, SUI (SUI) has increased by 31.8% in the past 24 hours of trading.

Throughout the past few days, the token has managed to maintain its rising streak, having risen by 41.4% in the past seven days.

SUI crypto is currently being traded at $2.94, quickly approaching the $3 threshold. However, it is still 45% below its all-time high of $5.35, which was reached in early January of this year.

SUI’s market cap stands at $9.3 billion, just $700 million short of reaching the $10 billion milestone. SUI is ranked 13th on the overall crypto leaderboard in terms of market cap, placing it below Wrapped Bitcoin (WBTC) and Lido Staked Ether (STETH).

Meanwhile, the token’s daily trading volume has достигнул $2.3 billion, indicating a 169% increase from the previous trading day, signaling a surge in market activity.

SUI crypto’s current price rally can be largely attributed to the escalating meme coin activity within its network. SUI-based meme coins such as MIU, LOFI, and BLUB have seen a rise in trader activity, which has further helped propel the price of its network token upwards.

SUI crypto meme coins on the rise

BLUB takes the lead with a 60.8% surge in the past 24 hours. It has been on a rally for the past week, having risen by 77%. The SUI-based meme coin currently has a market cap of $7.7 million and a daily trading volume of $1 million in the past 24 hours, showcasing a 252.6% increase.

The cat-themed meme coin MIU has seen an increase of nearly 20%, placing its market at $69.4 million. On the other hand, LOFI experienced an increase of 13.8% in the past 24 hours of trading.

Moreover, on-chain data reveals that the SUI network has hit a recent milestone, surpassing 500 million in total transactions processed. A 7.05% rise in user adoption has also contributed to the ecosystem’s continued growth.

According to DeFi Llama, the network has accumulated more than $1.5 billion in total value locked. Its stablecoin market cap is also rapidly approaching the $900 million mark, as it currently stands at $888 million.