Grayscale Launches Sui-Focused Trusts as SUI Hovers Near $3.74

Grayscale’s recent launch of two investment trusts focused on Sui’s core protocols—DeepBook and Walrus—has reignited interest in the Sui ecosystem. These new trusts, called the Grayscale DeepBook Trust and Grayscale Walrus Trust, offer accredited investors exposure to the DEEP and WAL tokens, which underpin key infrastructure components within the Sui blockchain. While the trusts do not directly invest in SUI, the native token of the Sui network, the increased visibility and institutional exposure could indirectly benefit SUI by enhancing the overall ecosystem’s credibility and utility [1].

The move follows Grayscale’s existing trust for the SUI token, reinforcing the firm’s broader strategy to deepen its footprint in the Sui ecosystem. Mysten Labs co-founder Adeniyi Abiodun has described the launch as a “seminal moment,” emphasizing the importance of these protocols in driving blockchain adoption. Although the trusts are not yet available for trading on secondary markets, they allow eligible investors to subscribe daily, potentially increasing liquidity and awareness in the Sui space [1].

The timing of Grayscale’s announcement coincides with SUI testing a critical price zone. On the daily chart, the token is hovering near the middle Bollinger Band around $3.74, with the upper band at $4.21 acting as a key resistance level. A breakout above this range, particularly if accompanied by strong volume, could signal a shift in momentum. The lower Bollinger Band, near $3.26, has served as a recent support level, and a sustained break below it could trigger a retest of deeper retracement zones [1].

While analysts have suggested that SUI could reach $4.50 within a month if adoption accelerates, such forecasts remain speculative and tied to specific technical indicators. The token is currently in a consolidation phase, with price action reflecting the tug-of-war between buyers and sellers. Grayscale’s involvement may provide the necessary catalyst to push SUI out of this range, but sustained gains will depend on follow-through demand and broader market sentiment [1].

The broader cryptocurrency market remains in a state of flux, with macroeconomic factors like the U.S. CPI release and potential rate cuts influencing investor behavior. A 2.7% CPI reading has fueled optimism for a September rate cut, which could indirectly benefit SUI by improving risk appetite across the asset class. However, the token’s price performance will also be shaped by on-chain activity and institutional adoption, both of which have been on an upward trajectory [1].

Institutional investment vehicles like Grayscale’s trusts are known to act as a bridge between traditional and digital markets, often leading to more stable and predictable price environments. SUI’s ecosystem is still in a formative stage compared to more established blockchains, and Grayscale’s commitment could play a pivotal role in its maturation. Whether or not the token reaches $4.50 in the near term, the introduction of these trusts marks a significant step in positioning Sui as a more institutionalized and scalable blockchain platform [1].

Sources:

[1] Grayscale's Latest Move Could Send SUI Price Soaring? (https://cryptoticker.io/en/grayscales-latest-move-could-send-sui-price-soaring/)

[2] Analyst Predicts $270 Solana Price as DEX Volumes Soar (https://coingape.com/markets/analyst-predicts-270-solana-price-as-dex-volumes-soar-despite-whale-selling/)