The Sui blockchain's native token, SUI, has skyrocketed by over 62% this week

The Sui blockchain's native token, SUI, has skyrocketed by over 62% this week, fueled by speculation of a potential collaboration with Pokémon.

The price of Sui's (SUI) token has skyrocketed by over 62% this week amid rumors of a potential collaboration with Pokémon. However, both The Pokémon Company and Mysten Labs have yet to make any official statements regarding these claims.

Recently, eagle-eyed users from both the gaming and blockchain communities noticed an interesting addition in the updated privacy policy for Pokémon HOME.

The update featured Parasol Technologies, LLC, as a new developer. This Web3 gaming infrastructure company was acquired by Sui's developer, Mysten Labs, in March 2025.

For context, Pokémon HOME is a cloud-based storage and transfer service for Pokémon across multiple games. Notably, the updated privacy policy was made without any formal announcement.

Despite this, several users on X (formerly Twitter) have brought attention to the addition of Parasol Technologies.

One user highlighted the update in a social media post.

“With today’s Pokémon HOME update, the privacy policy was updated, including the addition of an additional developer: Parasol Technologies, LLC.”

However, the user noted that the update is only visible in the app, though it has yet to be reflected on the website.

Moreover, Parasol Technologies is mentioned only in the privacy policy's English, Spanish, French, German, and Italian versions.

The Japanese and Chinese versions continue to list ILCA and The Pokémon Works as the sole developers. Meanwhile, Korea's privacy policy update designates Parasol as an overseas data trustee.

In a recent blog post, the Sui Foundation detailed Parasol's latest initiative to integrate collectible card games with blockchain-based NFTs. The project focuses on leveraging Sui's speed, scalability, and interoperability to create engaging gaming experiences that allow for verifiable ownership, trade, and rarity of digital assets.

Nonetheless, according to the user, this blog originally mentioned Pokémon but was later edited to remove the reference.

“The official Sui Foundation blog confirmed (and removed) Pokémon NFTs. They seem to be developing a cloud infrastructure that uses blockchain technology to address bugs, hacks, and duping while enabling transfers between compatible games-something that is already possible with Pokémon Home,” another user highlighted.

This has sparked further speculation that Parasol may be involved in developing new features for Pokémon. However, it's worth noting that no official statements from The Pokémon Company, Sui Foundation, Nintendo, or Mysten Labs have confirmed these claims.

SUI Price and TVL Surge Amid Growing Confidence

Meanwhile, the rumors have positively impacted SUI's market performance.

“Sui x Pokémon would be nuts. This may partially explain SUI’s recent outperformance,” said Collective Shift's Director of Research Matt Willemsen.

According to BeInCrypto data, the altcoin has surged by 62.2% over the past week. At press time, SUI was trading at $3.4, showing a double-digit increase of 13.4% in the past 24 hours.

In addition, data from DefiLama showed that the total value locked (TVL) on the network has grown by 38%, reaching an impressive $1.6 billion. This growth indicates the increasing confidence in the Sui ecosystem.

The 24-hour trading volume on decentralized exchanges (DEXs) has also seen a substantial rise, reaching $577 million, a 167% increase from the previous week.

Additionally, stablecoins on the Sui network have grown rapidly, advancing from $482 million to $879 million over the past two months, marking an 82% rise.