Sui Soars 8.7% on $450M Institutional Investment Targets $4 Breakout

Sui ($SUI) surged 8.7% to reach $3.73, bolstered by a $450 million institutional investment from Mill City Ventures, a publicly traded company, signaling increased confidence in the blockchain’s long-term potential [1]. This move has intensified speculation that $SUI is on a fresh trajectory toward the $4 price level and potentially even $10, supported by a growing Total Value Locked (TVL) of $2.093 billion [1].

The institutional backing is part of a broader trend of growing adoption and legitimacy for Sui. AMINA Bank in Switzerland recently became the first globally regulated bank to offer custody and trading services for SUI tokens, further embedding the asset into traditional financial infrastructure [1]. In addition, Sui has expanded into real-world applications, with innovations such as zkTunnels facilitating real-time, fee-free operations in IoT robotics, and partnerships with Google Cloud enhancing its AI and data capabilities [1]. These developments underscore Sui’s position as a next-generation blockchain platform.

From a financial perspective, the ecosystem is evolving with the launch of key DeFi products. Bluefin, Sui’s leading decentralized exchange, introduced Bluefin7K, a native aggregator that enhances liquidity across DEXs. Additionally, Volo, the largest liquid staking platform on Sui, launched the wBTC Vault, allowing users to access Bitcoin liquidity within Sui’s ecosystem with a single command [1]. These innovations are helping to solidify Sui’s DeFi infrastructure and attract broader user participation.

The technical chart for $SUI reflects the growing momentum. On the 4-hour timeframe, the price has rebounded to $3.73, pushing against key resistance levels where a prior wedge breakdown occurred. While sellers were dominant earlier in July, recent volume patterns indicate a shift in market sentiment. Buyers have started to absorb pressure, evidenced by positive deltas and improved volume footprint data. The latest candle showed a total volume of 2.77 million with a positive delta of 310,000, suggesting a gradual but meaningful reversal in market dynamics [1].

Analysts are closely watching whether this reversal can gain sufficient momentum to flip the breakdown into a bullish reversal. While the volume is not yet overwhelming, the trend shows early signs of buyer control, especially as green deltas continue to stack in favor of the bulls [1].

Sui’s growing institutional backing, strategic partnerships, and DeFi advancements are positioning it as a strong contender in the Layer-1 blockchain space. With a market cap of $13 billion and increasing developer activity, $SUI’s fundamentals suggest continued growth in the near term.

Source: [1] Sui ($SUI) Rallies 8.7% as $450M Institutional Bet Signals Fresh Run Toward $4 (https://cryptonews.com/news/sui-price-rallies-8-7-institutional-bet-eyes-4/)