SUI spikes 50% amid staking moves, zero-fee stablecoins, privacy push

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Source: Adeniyi Abiodun “This positions Sui as low-friction rails for payments and liquidity and also attractive to agentic AI payments. The Nasdaq angle is also notable: it puts SUI in the same public company treasury/equity market access group as BTC, ETH, SOL and others, signaling growing institutional comfort,” McMillin added. “Sui is shifting from promising L1 or high-beta play to actual adoption story. The combo of institutional staking, zero-fee ambition and regulated futures access is rare among alts. Watch on-chain metrics post-announcement for confirmation.” At the same time, Abiodun said Friday the Sui network's prediction market DeepBook Predict was going live on the testnet. A March report from Bitget Wallet and Polymarket found that prediction markets are among the most active on-chain applications, with $25.7 billion in trading volume that month. SUI has settled at around $1.31 as of Monday. McMillin said that in the short term, the token could extend its rally because supply shocks and product news generally sustain momentum. “We are also in an environment where we are seeing green shoots all over the crypto ecosystem and it looks more and more likely the bear market hibernation is over,” he said. “Medium-term: more uncertain but constructive. Success depends on execution, actual zero-fee rollout, Paga integration traction in Nigeria and stablecoin volume growth. Sui has real tech edges and usage momentum, but token unlocks and broader crypto cycles remain risks.” Magazine: Guide to the top and emerging global crypto hubs — Mid-2026 More on the subject

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