Sui jumps 23% after Coinbase’s NY rollout – Can bulls target $2.23 next?

Sui posted strong daily gains, with the token jumping more than 23% over the past 24 hours.
The move came two days after Coinbase confirmed SUI’s availability for New York residents across its iOS and Android apps.

Coinbase said customers could now buy, sell, convert, send, receive or store Sui [SUI] in the state. That expansion into one of the toughest U.S. jurisdictions boosted confidence around SUI’s regulatory clarity and near-term liquidity.

Even so, the sharper reaction came from traders who viewed the update as a clear signal of deeper market access and stronger onboarding support.

AI-powered trading agents enter the SUI ecosystem

Alongside the Coinbase development, the SUI Network highlighted a new integration where 0xbeepit is deploying AI-powered trading agents through Bluefin.

The integration introduced automated execution tools built to use Sui’s speed, parallel processing, and real-time on-chain architecture.

On top of that, early trader comments framed the feature as a fresh utility layer for SUI because automated agents could raise throughput and improve order flow efficiency. That alignment kept sentiment firm and helped sustain the rally.

SUI market activity is also on the surge

Data from Suivision showed that Sui’s Daily Transactions climbed from 8 million on the 29th of November to roughly 15.1 million on the 1st of December.

That increase marked the network’s highest level during the period shown in the chart and signalled rising usage across applications.

Source: Suivision

By contrast, whale behaviour pointed to growing interest in spot prices. CryptoQuant’s Spot Average Order Size chart showed repeated clusters of large orders around the current range, which suggested accumulation attempts from bigger players.

That pattern reinforced the bullish read on fundamentals and supported expectations for short-term continuation.

Source: CryptoQuant

Can SUI extend its momentum?

SUI broke above the key resistance at $1.62 on the daily chart and traded near $1.71 at press time. That breakout shifted attention to the next resistance zone around $2.23, which aligned with the chart’s marked supply region.

Even so, the altcoin still carried a broader bearish structure from previous weeks. The descending trendline support prevented deeper losses and created room for a recovery push once buyers stepped in.

This left traders focused on three drivers: the wider U.S. market access, the renewed whale order flow, and the new AI-driven utility on Sui. If buying pressure holds, the recovery may evolve into a stronger trend.

Source: TradingView

Final Thoughts

• Coinbase’s New York expansion set off a renewed wave of SUI demand and usage.
• Whale accumulation and skyrocketing network activity drove the altcoin’s strongest rebound in weeks.