Coinbase’s recent approval to offer Sui trading to New York residents has sent the token’s price higher. Crypto analytic platforms showed Sui rising more than 25% in a single day (one of the top gainers in the past 24 hours) after the exchange confirmed the regional listing. The news, coupled with bullish sentiments in the broader crypto market, has brought much-needed relief to Sui believers.
What changed and why it matters
Coinbase made Sui available to customers in New York on its web and mobile apps. That step matters because New York has strict rules for crypto services, so gaining access there often signals that an exchange has met extra regulatory checks. More users able to trade the token usually means more demand, and that can push the price up quickly.
On the numbers side, price trackers recorded the jump clearly. CoinMarketCap and CoinGecko show Sui up roughly 25–28% in the latest 24-hour window, with trading volume surging into the billions of dollars. Those figures indicate not only stronger buying but also more activity across markets as traders reacted to the listing news.
What to watch next
A few things will determine whether this rally holds. First, whether the new buyers who entered after the Coinbase announcement stay long-term or simply trade the short-term move. Second, Sui just had about $85 million worth of tokens unlocked at the beginning of December. This means more supply and could eventually affect the price negatively.
Third, broader market direction matters: if the wider crypto market weakens, even tokens with positive listings can give back gains. Analysts and traders will be watching volume and on-chain flows over the next days to gauge Sui’s strength.
What happened today was straightforward: More people can now buy and sell Sui. For everyday readers, the practical takeaway is this: a major exchange expanding regional access can quickly change a token’s market picture.
If you hold Sui or follow it, keep an eye on trading volume and any announcements from Coinbase or the Sui project that might affect supply or demand.
