SUI Listed on Robinhood as Price Struggles to Rise Above $4

Robinhood’s recent addition of Sui’s native token, SUI, represents a major step forward for the blockchain project, offering exposure to millions of U.S. retail investors and increasing the token’s visibility in mainstream markets. The listing has generated excitement in the crypto community, particularly after a leaked blog post from the Sui team hinted at the development earlier in August [3]. While the listing was officially confirmed, SUI’s price has remained under pressure, trading at $3.56 on August 16, down slightly from the previous 24 hours and below the $4 level many had speculated it might reach following the news [2].

SUI’s inclusion on Robinhood is part of a growing trend among major exchanges to expand their cryptocurrency offerings. Robinhood, alongside platforms like Kraken and Coinbase, has increasingly positioned itself as a comprehensive hub for digital assets, including tokenized equities and meme coins [6]. The Sui blockchain, developed by Mysten Labs, is gaining attention for its high throughput and energy efficiency, which could appeal to both developers and users. However, the token’s ability to maintain and grow its value will depend on factors such as on-chain activity and overall market demand after the listing [4].

From a technical perspective, SUI appears to be showing signs of strength. A falling wedge breakout has opened the door for a potential move toward $5, with support levels at $3.70. This suggests a possible upside of over 40% from current levels [2]. However, the Relative Strength Index (RSI) is currently near 68, indicating that a short-term pullback cannot be ruled out [2]. Analysts at BanklessHQ have drawn comparisons to Bitcoin’s ETF-driven rally in 2024, suggesting SUI could be a strong performer in late 2025 [2]. That said, such projections are speculative and should be treated as forecasts rather than guarantees.

A major point of concern for investors is the upcoming token unlock on August 19, which will release $171 million worth of SUI into circulation—nearly a 5% increase in supply. Past unlocks have led to sell-offs of 15–20%, and skeptics warn that this could drive the price back toward $3.50 if selling pressure intensifies [2]. The timing of the unlock, just days after the listing, raises questions about whether the market will be able to absorb the increased supply without a significant price correction [2].

With derivatives open interest rising 19% month-over-month to $1.9 billion, the market is bracing for potentially sharp price swings in either direction. This volatility reflects the ongoing tension between institutional support and the dilution risk posed by the token unlock. SUI’s position at a critical juncture highlights the challenge of sustaining momentum in a market that remains highly sensitive to both sentiment and liquidity shifts [2].

While the Robinhood listing is a clear milestone for SUI’s adoption, whether it will lead to a sustained price rally or merely set the stage for profit-taking depends largely on how the market reacts to the unlock and broader trading dynamics. Investors are watching closely to determine if the token can break through key resistance levels and stabilize above $4—a threshold seen as a potential indicator of broader market recovery [2].

Source: [1]title1 (https://coindoo.com/sui-lands-on-robinhood-but-can-it-hold-4/)

[2]title2 (https://stocktwits.com/news-articles/markets/cryptocurrency/sui-lists-on-robinhood-crypto-token-struggles-to-break-resistance/chsglBIRdgH)

[3]title3 (https://www.msn.com/en-us/money/markets/sui-spikes-on-robinhood-listing-rumors-as-ecosystem-growth-accelerates/ar-AA1KohWD?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&ocid=finance-verthp-feeds&renderwebcomponents=1&wcseo=1)

[4]title4 (https://coinpedia.org/)

[5]title5 (https://medium.com/@Crypto.Doc/crypto-sell-off-crash-dump-or-just-a-dip-93722e64cc41)

[6]title6 (https://coincentral.com/coinbase-plans-to-become-an-all-encompassing-exchange-for-all-asset-types/)