SUI TVL Reaches $585M Ahead of CME Group’s Futures Launch in May- Will Price Follow?

Sui price has experienced a significant rise of over 10% in the past 24 hours, fueled by a broader crypto market recovery. CME Group plans to launch its Sui futures product in May, fueling investor sentiments as the trading of Sui gains strength.

The cryptocurrency market is now up by 3.9%, with the total market capitalization at $2.45 trillion following a two-week ceasefire deal between the US and Iran, easing investors’ fears of inflation and disruption in the energy sector.

US President Trump declared the ceasefire on April 8, 2026, with terms that include the reopening of the Strait of Hormuz. 

CME Group to Launch SUI Futures in May

SUI token price movement is gaining momentum ahead of CME Group’s announcement to launch SUI futures on May 4. This development shows that there is a growing interest in SUI tokens from institutions, which now have regulated access to trade through CME.

Introducing SUI futures has been hailed as an important development for the SUI token, leading to more exposure, increased liquidity, and enhanced reputation. This follows CME expanding its portfolio of cryptocurrency derivatives by including Avalanche (AVAX) and Sui (SUI).

CME added some altcoins, such as Cardano (ADA), Stellar (XLM), and Chainlink (LINK) earlier in the year. The addition of SUI futures has come ahead of CME switching to round-the-clock trading in crypto futures. This could be an important factor in supporting the bullish trend of SUI tokens.

Sui Sees 4% Growth in TVL, Reaching $585.32M

The total value locked in DeFi for Sui has reached $585.32 million, reflecting a commendable 4.07% rise in over the past 24-hours. Apart from these, there are other reasons behind the success of Sui. For example, the stablecoin market cap is $527.63 million, and the chain revenue is $6,681.

The rising trend of app revenue, which is $32,977, along with the incoming flow of $330,921, suggests that there are more promising days ahead for Sui.

Is Sui Price Set to Reach $1.00 After Recent Bullish Surge?

As of the writing, the Sui price climbed to $0.9499, showing a strong surge above the $0.93 level. The rising trend, supported by a substantial increase in volume, indicates bullish momentum.

The Moving Average Convergence Divergence (MACD) indicator shows a positive trend, as the MACD line is above the signal line.

The Chaikin Money Flow (CMF) is positive on the 4-hour chart, showing that the buying power is building.

With regards to the Future Sui outlook, the first resistance level will be at $1.00, and if the bullish trend continues, the Sui could rally to above $1.10 by the end of April. The $0.93 level, on the other hand, is anticipated to provide support for the Sui price.