Altcoin SUI Price Drops 24% After 76.27 Million Coin Unlock Adds $210M Supply

Discerning investors are turning their attention to Altcoin SUI as the recent 20% price correction presents what many see as a strategic entry point. The coin’s price dropped from $4.5 to around $3.46 following a large unlock of 76.27 million SUI coins on August 1, 2025, creating a temporary supply shock and adding $210 million in market supply [1]. This decline, while sharp, has been interpreted by some as a buying opportunity rather than a signal of long-term weakness. Michael van de Poppe, a well-known figure in the crypto space, emphasized that the technical chart shows the asset has reached strong support levels, signaling potential for a rebound [1].

The price movement coincided with increased activity within the SUI ecosystem. In July, the decentralized exchange (DEX) component of the network saw record trading volumes, with daily transactions surpassing $14 billion [1]. This suggests a growing user base and active on-chain behavior, reinforcing the coin's fundamental strength. Additionally, Mill City Ventures has injected $450 million into the project through a private investment round, further underlining long-term confidence in its strategic direction [1].

Institutional interest in SUI remains robust, with major asset managers taking steps to offer exposure to the altcoin through traditional financial products. Canary Capital and 21Shares have both submitted applications for SUI-based spot ETFs to the U.S. Securities and Exchange Commission (SEC), while firms like Grayscale, VanEck, and Bitwise have already launched investment vehicles tied to the asset [1]. Analysts believe these developments will increase the altcoin’s visibility and liquidity in the broader financial market.

According to van de Poppe, the current pullback represents a transitional phase in the altcoin market, during which only the strongest ecosystems are expected to recover quickly [1]. SUI appears to be among these, with both technical and fundamental factors aligning in favor of its long-term potential. While the price dip has created short-term volatility, the combination of growing institutional adoption and strong on-chain metrics indicates a foundation that could support future growth.

[1] Source: Seize the Opportunity: Discerning Investors Embrace Altcoin SUI (https://coinmarketcap.com/community/articles/6891d2923ef53d6dd41fa25a/)