SUI has exploded to become the hottest new cryptocurrency on the market, with a shocking 73% weekly increase. Such a remarkable run now makes SUI the biggest winner among all of the top 100 cryptocurrencies by market cap. Investor confidence has been bolstered by the launch of the Grayscale SUI Trust. This surge is further attributed to tactical collaborations with xPortal and xMoney.

Technical Indicators and Market Momentum

SUI’s rally picked up steam after it broke out of a falling wedge pattern, where it met its breakout technical target of $3.30. This breakout came after the breach of a multi-month resistance trendline around $2.20, signaling the start of a strong bull trend. On April 25, SUI’s price soared 23% in one day, hitting a high of $3.67.

Overall, the cryptocurrency exploded past all other major blockchains. Over the same period, BNB Chain was up 68% and Solana up 67%. SUI’s ascent has been powered by breathtaking Total Value Locked (TVL) numbers. High daily DEX volumes point to robust network activity.

Analyst Optimism and Price Targets

Analysts are increasingly optimistic about SUI's future. Pseudonymous crypto analyst Bitcoinsensus has a “massive” target of $11.50 for SUI, according to the Elliott Wave analysis. SUI/USD Bulls are now looking to SUI’s all-time high of $5.35, set on January 6, as the next key target. To continue its rebound, SUI must breach technical opposition in the $4.50-$5.10 vicinity.

"Grayscale just launched a trust, social chatter is exploding, and it’s [SUI] now sitting above AVAX and LINK in market cap," - Kyledoops

Grayscale’s new SUI Trust provides a regulated, accessible vehicle for investors seeking exposure to SUI. This recent opportunity increases positivity about the asset even more.

Wall Street Interest and Future Outlook

This week’s launch of the Grayscale SUI Trust has been another indicator of the increasing interest from institutional investors. Pseudonymous analyst Kyledoops noted the shift in market dynamics, stating:

"This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating." - Kyledoops

Together, SUI has established a game-changing strategic partnership with xPortal and xMoney. Combined, they will issue the first virtual Mastercard across Europe, increasing utility and adoption potential. This step, in turn, would help to further entrench SUI’s position at the top of a lucrative market.