Sui Overtakes Chainlink in Market Cap Race After 44% Weekly Surge

Sui just pulled a crypto coup—leapfrogging Chainlink’s valuation as its token rockets nearly 50% in a week. Move over, oracles: the new Layer 1 kid’s throwing weight around.

What’s fueling the rally? Speculation around Sui’s upcoming ecosystem grants and a fresh wave of memecoin degens chasing the next Solana-like breakout. Because nothing screams ’sound investment’ like traders aping into low-float assets.

Meanwhile, Chainlink bulls are left staring at sideways price action—proving even ’institutional darling’ narratives get rusty when the market’s busy crown-shuffling. The lesson? In crypto, today’s infrastructure play is tomorrow’s afterthought unless it keeps printing green candles.

The increased attention on the SUI network in the past few weeks is attributed to some major developments in recent times. Earlier this month, the CBOE filed for a spot SUI ETF with the SEC which marked a turning point for this altcoin. 

Meanwhile, memecoins like MUI, LOFI and BLUB and DEEP token – which all are deployed on the Sui network – have also helped SUI price spikes rapidly in the past 7 days. 

Can SUI Enter in the Top 10 Crypto List?

Sui currently sits at the 11th position among largest crypto assets by market cap. To enter the top 10 crypto club, it will need a push of more than double of is current market cap in order to surpass Tron, which is at 10th number. 

While it seems hard for as of now, the crypto industry is full of surprises and a continued surge could make it possible for Sui to break into the top 10 positions. 

Also read: Ethereum won’t survive in 10 years: Charles Hoskinson of Cardano