Sui Network Adds Nearly 400K New Accounts on Feb. 20; VanEck ETN Launches as $0.96 Remains Key Level

Sui Network recorded nearly 400,000 new accounts on February 20, doubling the recent daily average after a week of roughly 200,000 per day, though the figure remained below the February 10 peak of over 400,000, data from Torero Romero on X show. The Market Periodical noted cumulatively more than one million accounts joined this week, the network maintained an average of 400 TPS even as stablecoin volume declined amid a sharper USDT contraction, and overall activity showed mixed sentiment with more positives than negatives. On the institutional side, VanEck launched a regulated Sui ETN on Deutsche Börse Xetra under ticker VESU, Sui's official X page announced, while Grayscale's GSUI on NYSE Arca traded at $13.95, up 5%, and Canary's spot SUIS on Nasdaq was worth $25, also up 5%, according to The Market Periodical. SUI price traded around $0.9394 after bouncing from the $0.90–$0.91 zone, having repeatedly failed near $0.96 with earlier highs around $1.04 followed by drops below $0.90, and The Market Periodical said a 4-hour close above $0.96 could lead toward $1 or higher, while rejection may leave $0.92 and $0.90 as nearby support levels.