From Pokémon rumors to doubling of trading volume, revealing the logic behind Sui’s recent strong rise

Here's the English translation: Recently, the Sui governance token and its ecosystem experienced a remarkable surge, with the SUI token rising over 75% in a week, significantly outperforming the market during the same period. Behind this phenomenon are complex intertwined driving factors, including speculative enthusiasm triggered by market rumors, significant capital flow changes, and continuous improvements in ecosystem fundamentals. PANews delves deep into the capital flow trends, key message catalysts, on-chain data performance, and potential risks of this SUI rally, aiming to comprehensively interpret the logic behind this ecosystem celebration. [The rest of the translation follows the same professional and accurate approach, maintaining the original structure and technical terminology, with specific terms translated as specified in the initial instructions.]

On the other hand, the growth structure of the Sui ecosystem is currently mainly led by DEX or infrastructure projects, but MEME tokens or application/game projects have not yet performed outstandingly. Currently, tokens with a market value of over 10 million are still mostly early-stage projects. From this perspective, if Sui is compared to a city, in this city, decentralized storage, DeFi, and gaming themes are built around projects like Walrus, Deepbook, and Parasol. However, these "malls" currently lack some "internet celebrity merchants" to further attract large-scale user participation.

Therefore, the recent surge of SUI tokens and its ecosystem is the result of market speculative enthusiasm, capital inflow, contract market expectations, and solid fundamental progress. However, while focusing on Sui's impressive price performance, it is also necessary to be wary of selling pressure from continuous token unlocking and to pay attention to whether its application ecosystem can further prosper and give birth to truly user-attracting hit applications, which will be key to determining whether Sui can convert its current popularity into long-term value.