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SUI jumps 50% after 108M-token stake and zero-fee stablecoin plan
SUI rose 50% over the past seven days after SUI Group Holdings staked more than 108 million tokens worth over $143 million. SUI climbed from about $0.94 on May 4 to $1.41 on Sunday, while trading volume rose from more than $213 million to over $2.5 billion. Mysten Labs also said zero-fee stablecoin transfers would roll out soon and reiterated plans for private transactions, while Paga Group partnered with Sui on cross-border transfers and stablecoin products.