Date: Tue, Oct 01, 2024, 06:33 AM GMTOctober has started with a strong showing for Sui (SUI), a leading layer 1 blockchain project. SUI’s price surged today, building on its impressive <a href="https://coinsprobe.com/top-layer-1-tokens-sei-and-sui-leading-bullish-ride-key-levels-to-watch/" rel="noopener noreferrer nofollow">momentum </a>from the previous month. The token jumped by another 7.32%, despite earlier concerns that its rally could be disrupted by a significant token unlock.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b1f2a34db64c4ce2aec195d4f193be3a.png" />Source: CoinmarketcapEarlier concerns centered around how SUI’s price would react to the <a href="https://coinsprobe.com/big-token-unlocks-ahead-sui-sol-and-wld-in-the-list-of-release-over-568m-in-tokens/" rel="noopener noreferrer nofollow">unlock of tokens</a> worth $108 million. However, those fears seem to have been unfounded, as SUI maintained strong momentum even after the todays successful unlock, proving its resilience.<h3 id="sui-s-tvl-surges-past-1b">SUI’s TVL Surges Past $1B</h3>In an even bigger win for the project, SUI’s Total Value Locked (TVL) has skyrocketed, growing by 136% over the past 30 days. As of today, SUI’s TVL has surpassed $1 billion, overtaking Avalanche (AVAX) in the rankings. This surge showcases growing confidence in SUI&#39;s ecosystem and DeFi offerings.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2ffcc2373f424b159ab53be782e84bf3.png" />Source: DefillamaSUI&#39;s market cap has also flipped Litecoin (LTC) today, now standing at $5.18 billion, further cementing its status as one of the most talked-about tokens in the market.<h3 id="new-all-time-high-ath-soon">New All-Time High (ATH) Soon?</h3>Historically, October has been a bullish month for the crypto market, and SUI is riding the wave of positive sentiment.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7163882e055a454c9b2a8742e9cabfff.png" />Currently, SUI is trading at $1.87 after clearing a major resistance level of $1.64. With this momentum, analysts predict that SUI could target $2.18—a potential new all-time high (ATH). Backed by strong institutional interest and a solid ecosystem, SUI is poised for more growth in the weeks ahead.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/top-3-altcoins-that-could-hit-new-all-time-high-in-october/" rel="noopener noreferrer nofollow">Top 3 Altcoins That Could Hit New All-Time High in October.</a>

SUI Holds Ground Despite $108 Million Token Unlock: New ATH Soon?

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