SUI Token Surges to $1 with Nasdaq's TSUI ETF Launch

The SUI token has experienced a significant surge, reaching $1.00 in value after a 15.21% increase in the past 24 hours. The rise is attributed to the launch of TSUI, a U.S.-listed spot ETF on Nasdaq that provides regulated access to the Sui blockchain ecosystem.

The ETF, issued by 21shares, marks a milestone for Sui's growth as a global payments and financial platform built on the Move programming language. The platform enables sub-second finality, parallel execution, and scalable throughput, supporting tokenization, stablecoins, BTCfi, and decentralized finance applications.

Analysts highlight critical trading levels for potential breakout, with the 0.0001351 BTC mark serving as near-term support and 0.0001442 BTC acting as key resistance. A sustained close above 0.0001372 BTC could trigger a breakout, reclaiming key moving averages and signaling short-term bullish momentum.