Shark Tank judge and serial investor Kevin O'Leary is well-known for his fiery takes on the financial markets. Of late, he has aggressively championed President Donald Trump's tariff war with China and placed a bid to acquire the widely popular social media app TikTok.

Owned by the Chinese tech conglomerate ByteDance, TikTok faces the looming threat of an impending ban in the U.S. if it isn't acquired by a U.S.-based company. O'Leary's acquisition bid is indicative of another attempt to go after China.

O'Leary, also known as "Mr. Wonderful," recently shared his views on the best cryptocurrencies in a podcast shared on X on Apr. 4. During the conversation, he bet on Sui, the thirteenth largest cryptocurrency, as the "hottest ticket right now."

The Star Tank star highlighted Sui's high-speed transactions and use cases in gaming and payment systems. He also praised the industry background of the team behind the blockchain project.

The Sui blockchain was launched in 2023 by Mysten Labs, a Web3 project. Founded in 2021, the company's CEO Evan Cheng, CTO Sam Blackshear, CPO Adeniyi Abiodun, and Chief Scientist George Danezis are former Meta executives.

If we look at SUI's recent price action, it has been very impressive of late.

The cryptocurrency that fell 30% within five days of President Donald Trump announcing tariff hikes on Apr. 2 began surging this week, beginning Apr. 21.

In fact, the asset has soared more than 60% over the last seven days and was trading at $3.41 at press time. SUI's surge is part of the broader crypto rally that began this week. However, no other leading asset has seen such a meteoric rise.

Disclaimer:The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.