The native token of the Layer-1 blockchain Sui, SUI, has experienced a significant price surge over the past 24 hours, reaching a new all-time high of $4.91 before slightly dipping by 1%. This surge in price was fueled by the integration of Backpack with the Sui blockchain, leading to increased user activity. As a result, Sui's decentralized finance total value locked (TVL) has also reached an all-time high of $1.84 billion, indicating growing user activity and confidence in the network. Additionally, SUI's decentralized exchange volume has increased, setting a new 24-hour record of over $466 million in trading activity. The coin is currently trading at $4.83 and the rising Chaikin Money Flow (CMF) suggests sustained demand and potential continued upward momentum in price. However, if profit-taking activity occurs, the price may drop to $3.96.



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