Sui and Fantom are soaring right now.

These cryptos are suddenly hot again, and some are pointing to renewed interest in the altcoin market as the reason.

Bitcoin whales are also getting in on the action, which could set the stage for big price swings in the year’s final weeks.

In the middle of all this, the new Best Wallet token has hit $2.5 million in presale – positioning itself as a high-potential play for 2025.

Sui and Fantom Explode – What’s Behind the Altcoin Surge?

SUI and FTM have been on fire in the past 24 hours.

They’ve been making serious gains, helping the broader crypto market flip green again.

SUI is now at $4.12, an 11% jump from Thursday morning.

The token was even up by 21% earlier today before pulling back slightly.

Since yesterday, tons of traders have been seeking exposure, pushing its spot trading volumes over $4 billion.

SUI’s market cap has also broken $12 billion.

Fantom is doing well too, now hovering around the $1.29 level.

That’s a 9% increase from Thursday, and almost $1 billion worth of FTM has been traded in the last 24 hours alone.

Nobody’s really sure why SUI and FTM are doing so well, given neither token has had any major news or announcements.

Their surges may simply be down to positive market sentiment.

Bitcoin Whale Buying Helps Fuel Altcoin Rally

Things in the altcoin market seem to heat up whenever large Bitcoin whales begin to make moves.

And there’s some serious BTC buying going on right now.

BlackRock’s Bitcoin Trust now holds $46.9 billion in Bitcoin, adding another 7,750 BTC earlier this week.

But they’re not alone since Marathon Digital Holdings also added to their BTC stash.

On-chain data s