Sui Soars 50% After Nasdaq Holder Stakes 108.7M Tokens and Mysten Details Zero‑Fee Stablecoin Plan

Overview

• SUI climbed from $0.94 on May 4 to $1.41 by Sunday, then eased to about $1.31 Monday as reported trading volume swelled from roughly $213 million to more than $2.5 billion.
• SUI Group Holdings disclosed it staked its entire 108.7 million‑token treasury, removing about 2.7% of circulating supply and, in a related move, saw its own shares rise about 11% to $1.79.
• At the Consensus 2026 conference in Miami, Mysten Labs said it plans to add confidential transactions this year to enable private payments that start with zero‑fee stablecoin transfers.
• Paga Group announced a partnership with Sui to build cross‑border transfers and stablecoin products focused on Nigeria, aiming to push real‑world payment use on the network.
• SUI futures listed on the Chicago Mercantile Exchange during the rally, opening a route for more institutional trading interest beyond spot markets.