Cryptocurrency SUI surges more than 65% from the previous week, significantly outperforming Bitcoin and Ethereum. What's behind this?

The price of the cryptocurrency SUI has soared, rising 20% ​​in the past 24 hours to $3.78. It has risen by over 65% on a weekly basis, significantly outperforming major stocks such as Bitcoin and Ethereum during the same period.

The biggest factor driving the rise is that Grayscale, a major US cryptocurrency investment company, launched the Grayscale SUI Trust on April 24, providing qualified institutional investors with a means of indirectly investing in SUI. With the clear possibility of institutional funds flowing in, the market's bullish mood has further increased.

In addition, xPortal announced on the 24th that it will be launching a Sui-based virtual master...