SUI Gains 5%, Paga Partners Sui to Advance Crypto Payment in Africa
Sui gained 5.07% to $1.07, significantly outperforming Bitcoin’s 0.92% gain as Nigerian Fintech company Paga partners with Sui to expand African crypto payments.
Trading volume surged more than 80% in 24 hours to $855 million, according to data from a crypto exchange, reflecting investors’ improved sentiment on Saturday.
The price surge was buoyed by Nasdaq-listed firm SUI Group Holdings moving its entire 108.7 million SUI holdings (about 2.7% of circulating supply) from DeFi into direct staking, sharply reducing liquid supply amid demand.
SUI Group Holdings’ decision to stake 108.7 million tokens removed a large chunk of the market’s liquid supply. With nearly 74% of the total supply already staked, this act intensified buying pressure, creating a supply shock that accelerated gains.
Reduced sell-side liquidity can amplify price moves on even modest demand, a classic catalyst for short-term rallies. The combination of a verified supply shock and positive market sentiment has driven Sui’s outperformance, though it now faces a key technical resistance test.
During the week, Nigerian payment processor Paga, which handled $11 billion in 2025, announced a partnership with Sui to launch high-yield USD accounts and tokenised real-world assets, such as bonds and real estate.
The integration will use Sui’s native yield-bearing stablecoin, USDsui. This is bullish for SUI because it represents a major step into real-world financial utility and adoption, targeting a vast unbanked population in Africa. It directly leverages Sui’s stablecoin infrastructure for practical use cases beyond speculation.
Technical analysis notes that SUI has been range-bound with $1.05 acting as resistance. A daily close above $1.08 is seen as the key level needed to confirm a bullish reversal from its long-term bearish structure.
This is neutral for SUI, but it presents a clear near-term hurdle. The recent 13% surge shows bullish momentum, but failure to decisively break above $1.08 could see the price retrace toward the $0.98–$1.03 support zone, extending the consolidation phase. Solana Gains 6% as Exodus Launches Xo Cash Stablecoin for AI Payment
