SUI Surges 50% After Nasdaq-Listed Treasury Staked

SUI climbed roughly 50% over the past week after Nasdaq-listed SUI Group Holdings staked about 108 million SUI tokens and Mysten Labs announced plans for zero-fee stablecoin transfers and private transactions.

The token traded near $0.94 on May 4 and reached about $1.41 on Sunday. Daily trading volume rose from just over $213 million to more than $2.5 billion in the same period.

SUI Group said it had staked its entire SUI treasury, locking up a supply of more than 108 million tokens. At recent prices, that amount was valued at more than $143 million.

At Consensus 2026 in Miami, Mysten Labs announced that zero-fee stablecoin transfers will roll out soon and that a private transaction feature is under development. Adeniyi Abiodun, a Mysten Labs co-founder, said the network’s prediction market, DeepBook Predict, is going live on testnet.

Also at Consensus, African payments company Paga Group announced a partnership with Sui to build blockchain-based cross-border transfers and stablecoin products, including work targeting Nigeria.

Ryan McMillin, co-founder and chief investment officer at Merkle Tree Capital, pointed to the staked treasury as a “meaningful supply squeeze.” He described the Nasdaq listing as placing SUI in a group of tokens with public-company treasuries and said the combination of institutional staking, planned zero-fee transfers and regulated futures access differentiates SUI from many alternative tokens.

Market activity has shown renewed interest in privacy-focused projects; one privacy token rose more than 70% in a week as traders increased attention on privacy features. Industry data also shows prediction markets had about $25.7 billion in trading volume in March, a use case that could affect on-chain activity if DeepBook gains users.

Sui launched its mainnet in May 2023 with the goal of fast, scalable transaction processing suited to payments and institutional use. The recent announcements position the network toward low-cost stablecoin rails and private payments.

As of Monday, SUI had settled around $1.31. Market observers noted that short-term momentum may continue if supply remains constrained and the announced features and partnerships progress. Analysts said medium-term outcomes will depend on the successful rollout of zero-fee stablecoin transfers, adoption of the Paga integration in Nigeria, growth in stablecoin volume, token unlock schedules and broader crypto market cycles.