
Toobit Achieves AAA Security Rating from CER.live, Ranking Among Top 10 Global Exchanges
Toobit Achieves AAA Security Rating, Ranking Among Top 10 Crypto Exchanges

SUI token has surged over 40% in a week, with veteran trader Peter Brandt declaring it has reached a 'major bottom' and will trend higher.
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The Layer-1 blockchain token SUI is hogging up the spotlight after surging by more tha 40% within just one week and emerging as a clear outperformer.
Legendary commodity trader Peter Brandt, who boasts more than 40 years of experience in this sector, recently weighed in on the massive rally. He is confident that the asset has bottomed out.
"This is a major bottom. Price will trend substantially higher from current levels," Brandt said in an X statement accompanying his bullish price chart.
This is a major bottom. Price will trend substantially higher from current levels$SUIUSDT pic.twitter.com/YS2iiWpKyJ
— The Factor Report (@PeterLBrandt) May 10, 2026
In the meantime, heavyweights like Ethereum (ETH), Solana (SOL), and XRP are all currently stuck trading within their multi-month consolidation structures. SUI is the clear outlier here.
SUI peaked at $5.00 in early 2025 and then spent the better part of a year trapped in a rather grueling downtrend.
By late 2025 and early 2026, the price had completely capitulated. The token just kept grinding along a painful bottom well below the $1.00 mark, and it was hardly on anyone's radar since it just kept languishing together with other altcoins.
However, the massive green weekly candle that SUI has just printed is on track to be a game-changer.
The token has surged above the 10-period Simple Moving Average (SMA), which is currently sitting at $0.95.
Closing the week near the $1.35 range is rather crucial for the token. It is safe to say that the downtrend is pretty much over.
Recently, Nasdaq-listed Sui Group Holdings (SUIG) announced it was staking "substantially all" of its corporate holdings.
The firm locked up an immense 108.7 million SUI tokens. This has removed an enormous chunk of liquid supply from the open market.
On top of that, Nigeria-based fintech firm Paga announced a partnership with the Sui blockchain to launch tokenized assets.
Last year, the ecosystem faced a very harsh predicament after Cetus Protocol, the largest decentralized exchange (DEX) on the Sui blockchain, suffered a devastating hack. As a result of the incident, roughly $223 million was drained from its liquidity pools.
Peter Brandt stated that SUI has reached a 'major bottom' and expects its price to trend substantially higher.
The SUI token has surged by more than 40% within just one week.
SUI is outperforming other cryptocurrencies like Ethereum, Solana, and XRP, which are currently in multi-month consolidation phases.

Toobit Achieves AAA Security Rating, Ranking Among Top 10 Crypto Exchanges

Key Factors That Could Impact Crypto Markets This Week

Major bitcoin mining pools representing 75% of hashrate adopt Stratum V2.

Solana (SOL) surges above $90, eyeing gains above $96.

XRP price eases from highs but could rally if it stays above $1.440.

Ethereum price is trying to extend gains but faces resistance at $2,385.
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