SUI, the native token of the Sui blockchain, surged 13% to over $1.08, driven by institutional staking and short liquidations. Nasdaq-listed SUI Group Holdings moved 108.7 million SUI tokens into long-term staking, reducing the circulating supply by 2.7%. This move, coupled with $2.91 million in short liquidations, fueled the price rally as exchanges bought back assets to close short positions. The trading volume for SUI soared nearly 90% to $808 million, reflecting heightened market activity. As Bitcoin stabilized above $80,000, traders rotated capital into altcoins like SUI, seeking higher volatility opportunities. The SUI market's momentum is supported by a bullish technical structure, with immediate resistance at $1.13 and potential targets at $1.50 and $3.87.