SUI Token Price Dips 2.10% Amidst 7.10% Volume Surge

SUI, the native token of the Sui blockchain, has maintained stability at $3.58 amidst recent market fluctuations, trading within a narrow range of $3.43 to $3.95 over the past week. This price action suggests a period of consolidation, with the token's value dipping 2.10% in the last 24 hours. However, trading volume has surged by 7.10% to over $1.14 billion, indicating a potential bullish accumulation.

Recent events have placed SUI in the spotlight, including the $CETUS exploit and Nasdaq’s ETF filing. The Sui Foundation's swift response to the $CETUS exploit, freezing $162 million and fully compensating users, has earned praise and strengthened confidence in the ecosystem. This resilience has bolstered long-term trust among users and investors, positioning SUI as a key player in the blockchain space.

Crypto analysts are closely monitoring SUI’s price chart for signs of a breakout. The token’s consolidation around $3.50, coupled with rising volume, indicates bullish momentum. According to WessWeb3, SUI has reclaimed its Gooner EMA range, a technical indicator pointing to the potential for a 2x move. Fibonacci retracement levels suggest a possible price target of $7.56, nearly 100% above its current value.

Institutional interest is growing, further boosting the token’s prospects. On May 28, 2025, Nasdaq filed for a 21Shares Sui ETF, sparking an 8% price increase to $3.70. European-listed Sui products also saw inflows of nearly $3 million in just one week, bringing total assets under management (AUM) to $317 million. Analysts believe such developments could position the asset for long-term growth, especially with its focus on real-time applications like DeFi and gaming.

However, some critics have raised concerns about the network’s centralization after it froze funds during the $CETUS exploit. Despite this, SUI’s mix of technical momentum, institutional backing, and ecosystem strength positions it as a key player in the blockchain space. While risks remain, the potential for a breakout to $7.56 has attracted traders.