SUI Rises 2% After Sui Foundation's $30M DATA Network Investment

The Sui Foundation has announced a $30 million investment in DATA Network. DATA will retire its independent chain and migrate its existing token to a Sui-native protocol at a 1:1 ratio. SUI rose 2.2% to $1.12 over 24 hours on the AI-data catalyst, though the token remains capped by resistance at $1.18–$1.26. Analysts are watching whether it can clear that band, and a loss of the $1.11 support could send it back to retest $1.00–$1.04.