Sui Price: 50% Weekly Surge Driven by Staking, Zero-Fee Stablecoins, and Privacy Initiatives

TLDR

• SUI surged 50% over the past week, climbing from $0.94 to approximately $1.41
• Nasdaq-listed SUI Group Holdings staked more than 108 million SUI tokens, creating a supply constraint
• Mysten Labs announced upcoming zero-fee stablecoin transfers and private transactions on the Sui network
• Veteran trader Peter Brandt identified a “major bottom” on the weekly chart and forecasted continued upward movement
• SUI has since stabilized near $1.31, with trading volume increasing by 290% within 24 hours

---

(SeaPRwire) –   The native token of Sui has experienced one of its most robust weekly performances in months, propelled by a combination of institutional actions, developer developments, and bullish technical analysis from prominent traders.

SUI was valued at around $0.94 on May 4. By Sunday, it had risen to $1.41, marking an approximate 50% increase over seven days. Trading volume correspondingly grew from $213 million to surpass $2.5 billion during the same timeframe.

The token has subsequently moderated slightly, currently trading at about $1.31 as of Monday.

Supply Constraint Driven by Institutional Staking

A significant catalyst behind this rally was the staking announcement made by SUI Group Holdings, a company listed on Nasdaq. The firm disclosed that it had staked its entire SUI treasury—over 108.7 million tokens—valued at more than $143 million at that time. This accounts for roughly 2.7% of the circulating supply.

$SUI is up over 20% today and there are multiple reasons for it:

• Nasdaq-listed SUIG staked 108.7M SUI
• 2.7% of supply locked
• Paga partnered with SUI
• Tokenized assets + payments for millions of users

This is how reversals begin but if you zoom out it is still 78%… pic.twitter.com/fNg1qRdJkb

— Wise Advice (@wiseadvicesumit) May 10, 2026

Ryan McMillin, co-founder and CIO of Australian crypto investment firm Merkle Tree Capital, characterized this move as a “significant supply squeeze” and described it as the “most evident near-term trigger” for the price surge.

SUI Group Holdings’ own stock also reacted positively, gaining 11% to reach $1.79 according to Yahoo Finance.

McMillin emphasized that the Nasdaq listing places SUI alongside BTC, ETH, and SOL in terms of public company treasury exposure, “indicating growing institutional acceptance.”

Zero-Fee Transfers and Private Payment Features

During Consensus 2026 in Miami, Adeniyi Abiodun, co-founder and Chief Product Officer at Mysten Labs, unveiled intentions to introduce confidential transactions on the Sui network later this year. This feature aims to deliver scalable free and private payment solutions, initially focusing on stablecoin transfers.

The initiative includes plans for zero-fee stablecoin transactions and privacy-enhancing mechanisms that Mysten Labs asserts will maintain regulatory compliance. Abiodun noted that these capabilities would eventually extend to stocks, bonds, and real-world assets.

Additionally, African payment services provider Paga Group announced at Consensus 2026 its partnership with Sui to develop blockchain-enabled cross-border transfer services and stablecoin offerings, with a primary focus on Nigeria.

Abiodun also confirmed that DeepBook Predict, Sui’s prediction market platform, is scheduled to go live on testnet. According to a March report from Bitget Wallet and Polymarket, prediction markets generated $25.7 billion in trading volume that month.

Peter Brandt Identifies Major Bottom

Seasoned trader Peter Brandt posted on X on May 11, highlighting what he termed a “major bottom” on the SUI weekly price chart. He stated that “the price is poised to trend substantially higher from current levels.”

This is a major bottom. Price will trend substantially higher from current levels$SUIUSDT pic.twitter.com/YS2iiWpKyJ

— The Factor Report (@PeterLBrandt) May 10, 2026

This bottom formation followed a sharp decline from SUI’s previous highs near $5. Brandt’s analysis emerged as the price rebounded from support around $0.90 and recorded a 20% gain within 24 hours. Other analysts such as Ted Pillows and Crypto Tony similarly interpreted the movement as signaling a potential trend reversal.

SUI futures contracts debuted on the CME around the same period, drawing increased attention from the broader cryptocurrency community.

McMillin observed that medium-term success hinges on execution—particularly the successful implementation of zero-fee transfers, adoption progress of the Paga integration, and growth in stablecoin transaction volumes.