SUI Price Falls 4.5 Despite 40 TVL Surge and Institutional Investment Boom

SUI’s price has pulled back despite a notable rise in Total Value Locked (TVL), raising questions about the token’s ability to reaccelerate its upward trend. The SUI token is currently trading at $3.79, down 4.5% in the past 24 hours, according to recent market data[1]. Meanwhile, the Sui ecosystem has continued to grow, with TVL hitting a record $2.28 billion, as reported by DeFiLlama. This reflects a 40% increase since the start of the year and a more than threefold recovery from a March low of $1.02 billion.

Institutional interest in SUI has intensified, with lending firm Mill City Ventures III announcing a $450 million private placement, 98% of which is designated for the acquisition of SUI tokens[1]. This marks one of the largest institutional investments in the token and signals growing confidence in its potential for mass adoption. The move has also drawn attention from the broader investment community, suggesting that SUI could attract more institutional capital in the near future.

At the same time, speculation around an ETF listing for SUI is gaining traction. Canary Capital and 21Shares have both submitted proposals for SUI-focused exchange-traded funds, which are now under review by the U.S. Securities and Exchange Commission (SEC)[1]. The approval of such a fund could serve as a major catalyst for increased institutional participation and broader market legitimacy for the token.

From a technical perspective, SUI remains above key exponential moving averages, including the 20-day EMA of $3.77[1]. However, the token has yet to break through the $4.40 resistance level, which has historically acted as a ceiling for price gains. The RSI is currently at 53, indicating neutral momentum after a brief overbought period earlier this month. Analysts note that a retest of the $4.40 level will be critical in determining whether SUI can regain upward momentum or face a period of consolidation.

While the recent price correction has dampened short-term enthusiasm, the broader fundamentals—driven by TVL growth, institutional backing, and ETF speculation—suggest that SUI remains in a long-term bullish trend. The token’s ability to reclaim key resistance levels and maintain its position above critical moving averages will be key indicators of its next move.

Source: [1] SUI price drags despite booming TVL, can it catch up? https://crypto.news/sui-price-drags-despite-booming-tvl-can-it-catch-up/