Sui (SUI) is showing active growth in the cryptocurrency market, including institutional interest and anticipated events.
Current Market Situation
As of now, Sui (SUI) is trading at $3.69 with a market capitalization of $12.99 billion and a 24-hour trading volume of $1.51 billion. Despite a 4.66% decline in the last 24 hours, SUI showcases impressive year-over-year growth of over 300%, highlighting its strong standing in the Layer 1 smart contract platform sector.
Institutional Investments by Mill City Ventures
Mill City Ventures recently acquired over $20 million in SUI tokens at $3.65 each, increasing their total holdings to 81.9 million tokens. This strategy aims to gain yield through staking.
Prospects and Key Events
Technical analysis shows that SUI has broken out of a falling wedge pattern with bullish momentum and is currently holding above an ascending trendline. Key upside targets are at $4.00 and $4.80 if bulls maintain control above $3.50. Notable upcoming events include the Bitbank listing scheduled for August 14, 2025, and a significant token unlock of 44 million tokens on September 1, 2025.
Institutional interest and upcoming events could significantly impact SUI's price. Maintaining bullish momentum above $3.50 will open prospects for further growth.
