Last updated:
Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
Share
Why Trust Cryptonews
The SUI Network token, native to the “Ethereum killer” Sui blockchain, experienced a notable price surge on Thursday following the announcement of a “strategic reserve deal” between the Trump-affiliated decentralized finance (DeFi) protocol, World Liberty Financial (WLFI), and the layer-1 blockchain.
This marks the latest crypto play linked to US President Trump who has promised the industry clarity around crypto regulations and a federal crypto reserve.
According to a statement posted on WLFI’s blog, the agreement will see WLFI incorporating Sui Network tokens into its cryptocurrency portfolio, titled “Macro Strategy”, which already holds leading projects Bitcoin ($BTC) and Ethereum ($ETH) alongside DeFi coins like Ondo ($ONDO), Tron ($TRX), and Chainlink ($LINK).
Additionally, both projects will collaborate to explore potential “product development opportunities.”
“Our selection of Sui stems from its U.S.-originated innovation, coupled with its impressive scalability and adoption,” stated co-founder of World Liberty Financial, Zak Folkman, in the blog post. “With our objective to back core DeFi assets in the coming months, partnering with Sui was a clear and strategic choice.”
Sui Price Analysis – Where is SUI Headed Next?
At the peak of its overnight rally, SUI climbed nearly 10%, reaching close to $3 before retreating slightly. It is now trading at $2.76, having climbed over the past 24 hours.
Ultimately, Sui Network’s overnight gains have done little to reverse the token’s general decline since the start of the year.
Broadly speaking its decline is in line with market leader Bitcoin’s, however breaking past the $3 resistance level remains a key objective for SUI bulls in the short-term.
With a relative strength index hovering around 51, the Sui Network token is well-priced right now, but global macroeconomic and geopolitical uncertainty could continue, resulting in selloffs, which largely hit crypto and the stock market hardest.
As Sui Network Rallies, Best Wallet Continues to Attract New Investment
With the general outlook of the $8.8 billion cap Sui Network being tied to the fate of all leading cryptocurrencies, many are diversifying their portfolio by investing in presales projects with high upside potential.
Among the best choices is the new Best Wallet and its native utility token, $BEST, a leading next-gen crypto wallet, analysts suggest it could take significant market share from giants like Trust Wallet and MetaMask.
Beyond secure self-custody, Best Wallet offers an “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.
Additionally, it aggregates all the most rewarding staking opportunities to help users put their money to work
The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It utilizes Fireblocks’ MPC-CMP encryption to keep assets secure.
All things considered, it’s no surprise that early investors have poured over $10.7 million into Best Wallet’s $BEST token presale to date, making it a clear contender to become an industry leader like Sui Network.
Follow Best Wallet on X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
