Key takeaways

What triggered Humanity’s recent price surge and market activity? 

Its expansion into the Sui ecosystem and migration to Walrus sparked investor demand and bullish momentum.

What could influence Humanity’s next price move? 

Continued buyer dominance may push it toward $0.4, but rising profit-taking could lead to a retrace to $0.30 or lower.

Humanity [H] soared 138%, to a new all-time high of $0.39 before retracing to $0.34 at press time. 

At the same time, its volume jumped 512% while market cap surged 118% to $382 million and $787 million, respectively.

But what triggered this uptick?

Humanity expands into the SUI ecosystem 

Humanity coin rallied following its expansion into the Sui ecosystem and migration from IPFS to Walrus.

On the 22nd of October, the team announced a strategic partnership with Sui [SUI], leveraging the Walrus protocol to enhance its infrastructure.

As part of this move, millions of user credentials were transferred on-chain into the Sui ecosystem, supporting the creation of a secure, verifiable, and decentralized Human ID.

The collaboration also aims to scale the number of user credentials from 10 million to 100 million by 2025.

Demand soars with the recent development 

Significantly, after Humanity and SUI announced their strategic collaboration, investors rushed into the market to accumulate. 

In fact, H has experienced sustained demand from top holders over this period. According to Nansen, Humanity has recorded a positive balance change among the cohort.