Sui is up 14% against the CoinDesk 20 which posted a 3.5% gain as the market hopes privacy whitepaper becomes a privacy token
SUI
1.1239
-2.24%
What to know:
Sui's token surged over 14% in 24 hours, outperforming bitcoin and ether, driven by speculation about future privacy-preserving transactions.
A recent paper by Mysten Labs researchers explores privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.
The rally in Sui's token reflects growing investor interest in financial privacy as a core market theme, despite no immediate product launch.