XRP News Today: Sui Gains 8.6% Following Sygnum Partnership and Major Institutional Investment

Sui (SUI) is experiencing a favorable convergence of technical and fundamental factors that suggest potential for continued growth. Institutional interest remains strong, particularly following Mill City Ventures’ recent acquisition of $20 million in SUI tokens at $3.65, adding to an existing stake of 81.9 million tokens aimed at staking yield. This move signals growing confidence in SUI’s utility and performance as a Layer 1 smart contract platform [1].

From a technical perspective, SUI has broken out of a falling wedge pattern, showing bullish momentum and holding above a key ascending trendline. The price is currently consolidating near the $3.40–$3.50 support zone, which aligns with the 200-day simple moving average. Maintaining control above $3.50 could set the stage for further upward movement, with potential targets at $4.00 and $4.80 [2]. Conversely, a breakdown below $3.20–$3.00 could invalidate the bullish case and lead to a deeper correction.

Upcoming catalysts in the Sui ecosystem include the Bitbank exchange listing scheduled for August 14, 2025, and a major token unlock of 44 million SUI on September 1, 2025. These events are expected to influence liquidity and volatility in the short term. Analysts from ETHNews note that Sui’s strong developer activity and position in the high-performance blockchain space are key drivers for long-term potential, with speculative price targets suggesting a possible rise to $10 by late 2025 under favorable market conditions [3].

SUI’s current price of $3.69, with a market capitalization of $12.99 billion and a 24-hour trading volume of $1.51 billion, reflects sustained interest despite a 4.66% dip over the past 24 hours. Year-over-year growth has exceeded 300%, demonstrating SUI’s resilience and appeal in a competitive Layer 1 market [1].

The recent partnership between Sygnum Bank and the Sui Foundation to boost institutional adoption has already led to an 8.6% price increase and pushed SUI’s market cap above $13 billion. This collaboration underscores SUI’s potential to attract broader institutional capital, a critical factor for long-term value creation [4].

SUI’s price trajectory is expected to be shaped by its ability to maintain control over key support levels and respond positively to upcoming fundamental catalysts. Analysts view the current technical setup as a high-conviction trade opportunity, with further gains contingent on sustaining bullish momentum above $3.50 [5].

Source:

[1] SUI Breakout Alert: 1 Key Trendline to Watch for New ATHs Says Altcoingordon https://blockchain.news/flashnews/sui-breakout-alert-1-key-trendline-to-watch-for-new-aths-says-altcoingordon

[2] 4 Bullish Altcoins Racing to Become the Top Performing Crypto of 2025 https://coincentral.com/4-bullish-altcoins-racing-to-become-the-top-performing-crypto-of-2025/

[3] Best Cryptos To Buy Now: BlockDAG, Sui, XRP & Pi https://blockchainreporter.net/best-cryptos-to-buy-right-now-blockdag-targets-30x-gains-as-sui-xrp-pi-show-strong-trends/

[4] Missed Solana at $1? These Are the Top Altcoins to Watch Before the Next Big Rally https://theportugalnews.com/news/2025-08-11/missed-solana-at-1-these-are-the-top-altcoins-to-watch-before-the-next-big-rally/599377

[5] Catch the Next Rally with These Top Performing Cryptos https://www.tekedia.com/top-performing-cryptos-blockdag-xrp-sui-pengu-momentum/?srsltid=AfmBOormiPlkhbvykHKnVzbLR6VXBbix8ebGE1rhenWn3uMEp9rspKMw