Sui’s native token, SUI, has shot up 72% this week, and all eyes are on a possible Pokémon collaboration. The buzz started after a recent update to the Pokémon HOME privacy policy, which mentioned Parasol Technologies, a company recently acquired by Mysten Labs – the same team behind Sui.
Pokémon HOME, the cloud service that lets you move Pokémon between games, quietly updated its privacy policy on April 23. What caught everyone’s attention was the mention of Parasol Technologies as a new developer.
Why is that important? Parasol was bought by Mysten Labs in March, and Mysten Labs is responsible for the Sui blockchain. This has led people to believe that a partnership between Pokémon and Sui could be coming.
Even more interesting, the Sui Foundation recently announced that Parasol is working on blockchain-based trading card games. At one point, a blog post even hinted at Pokémon NFTs—though that part was quickly removed. All this has made the crypto community wonder if Pokémon is planning to get into Web3 with Sui.
SUI Token Soars
While the rumors spread, SUI’s price has been climbing fast. It recently broke through the $3.00 mark and shows no signs of slowing down. Some analysts think it could hit $3.80 to $4.00 by May, especially with big investors (aka whales) buying up more SUI. Trading volume has spiked, crossing $128 million, which shows growing interest.
Right now, SUI’s market cap is worth almost $9.9 billion—about 90% of everything on the Sui network. That big bump boils down to a mix of hype, genuine faith in the tech, and people itching to see what comes next.
The news isn’t just good for the token. The total value locked (TVL) on the Sui network has grown by 38%, now sitting at $1.6 billion. Decentralized exchange (DEX) trading volume has also surged, with $577 million in the last 24 hours, a 167% jump.
Plus, stablecoins on the Sui network have increased by 82% in the past couple of months, from $482 million to $879 million.
Is a Pokémon Collaboration Happening?
While there’s plenty of buzz, neither Pokémon nor Sui has confirmed anything yet. Some are keeping their expectations in check, pointing out how easily rumors can get exaggerated. Until there’s concrete evidence, it’s all just speculation.
What’s certain, though, is that the Sui ecosystem is doing well on its own. And if the rumors turn out to be true, it could totally shift the game.
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