Sui Flips Chainlink’s Market Cap As Its Price Pumps 44% in 7 Days

TheCryptoTimes2025-04-24 tarihinde yayınlandı2025-04-24 tarihinde güncellendi

The high-performance layer 1 blockchain network, Sui has flipped Chainlink in market cap as its price pumps over 44% in the past 7 days. With this shift, Sui is now the 11th largest crypto asset while being positioned in rows of Tron and Cardano. 

Chainlink’s market cap, which is currently $9.46 billion, has been swiftly surpassed by that of Sui today following the recent push in SUI price. The market cap of Sui firmly touched the $10 billion mark before it pushed back in a decent decline with it now sitting at $9.76 billion. 

As per latest market data, SUI price has pumped 43.58% in the past 7 days with it now trading at $3 with a 24 hour trading volume of $2.68 billion. 

Sui Price Pumps 44% In 7 Days
Sui Price Pumps 44% in 7 Days – Source: CoinMarketCap

The increased attention on the Sui network in the past few weeks is attributed to some major developments in recent times. Earlier this month, the CBOE filed for a spot SUI ETF with the SEC which marked a turning point for this altcoin. 

Meanwhile, memecoins like MUI, LOFI and BLUB and DEEP token – which all are deployed on the Sui network – have also helped SUI price spikes rapidly in the past 7 days. 

Can SUI Enter in the Top 10 Crypto List?

Sui currently sits at the 11th position among largest crypto assets by market cap. To enter the top 10 crypto club, it will need a push of more than double of is current market cap in order to surpass Tron, which is at 10th number. 

Sui Market Cap Surpass Chainlink – Source: Coinmarketcap
Sui Market Cap Surpasses Chainlink – Source: CoinMarketCap

While it seems hard for as of now, the crypto industry is full of surprises and a continued surge could make it possible for Sui to break into the top 10 positions. 

Also read: Ethereum won’t survive in 10 years: Charles Hoskinson of Cardano



İlgili Okumalar

It's Time to Start Making Money Again: The Breakout of the Russell 2000 Index May Sound the Charge for Crypto

The Russell 2000 Index, a key benchmark for US small-cap stocks, has broken out to a new all-time high above 2600 points—a move that has preceded major "altcoin seasons" in the past, such as those in 2017 and 2021. This breakout, supported by strong volume and broad participation, signals a return of risk-on sentiment and suggests capital is moving down the risk curve in search of higher returns. Small-cap stocks are highly sensitive to liquidity conditions. Their outperformance indicates that underlying macro liquidity is improving, driven by Federal Reserve actions, Treasury cash deployment, and marginally easier fiscal policy. This liquidity typically flows first into bonds and equities, then into higher-beta assets like small-caps, and finally into alternative assets like cryptocurrencies. The current crypto market—with thin order books, low leverage, and improved infrastructure (such as ETFs and clearer regulation)—is positioned to absorb this incoming liquidity. Historical patterns suggest a 1-3 month lag between Russell breakouts and significant crypto rallies. While each cycle has unique narratives, the underlying mechanism of liquidity-driven risk appetite remains consistent. The Russell 2000’s breakout should not be ignored by crypto traders, as it has historically marked the beginning of a broader altcoin recovery and a potential "super-cycle" characterized by structural support, absorbed pullbacks, and capital rotation into high-beta crypto assets.

marsbit19 dk önce

It's Time to Start Making Money Again: The Breakout of the Russell 2000 Index May Sound the Charge for Crypto

marsbit19 dk önce

İşlemler

Spot
Futures

Popüler Makaleler

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların S (S) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.

活动图片