The price of Sui, a layer 1 blockchain for digital asset ownership, reached a new all-time high of $5.35. However, the token has seen some declines in the past 24 hours after surging more than 20% in the past week. Sui has been one of the best-performing altcoins over the past year and has gained interest from institutional investors. The project also saw a significant increase in total value locked, going from $242 million in January 2024 to over $2.6 billion in the first week of 2025. The bullish sentiment around Sui has been supported by the overall resurgence of the decentralized finance space. DeFi tokens, in general, have also seen a spike in price following Donald Trump's victory in the U.S. presidential election and the pro-crypto stance of the incoming president.



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