Layer-1 blockchain Sui (SUI) surges by over 150% over the past week
Layer 1 blockchain Sui has experienced a substantial surge in value in the last week, surpassing the majority of the top 100 alternative cryptocurrencies. Sui’s price surged from $0.45 to $1.12 on August 5th, resulting in a 150% increase within a week. In May, Sui released 1.04 billion SUI tokens, representing 10.4% of the maximum supply and 39% of the market capitalization at that moment. Regular unlocks are planned weekly