SUI is one of the best performers among the top 30 cryptocurrencies by market cap, holding steady above $0.97 after an 8% surge in the last 24 hours. The coin has performed excellently thanks to renewed interest from large wallet investors, commonly referred to as whales, and on-chain demand. Technical indicators also suggest that SUI could rally past its 50-day Exponential Moving Average (EMA) level over the next few hours. Sui rallies amid on-chain growth SUI is trading at $0.9777 after adding 8% to its value since Monday. This latest development comes as the demand for Sui as a layer-1 blockchain is resurfacing. According to DeFiLlama, the Total Value Locked (TVL) on Sui is at $643.