SUI Surges 8% as Nasdaq Files for 21Shares Sui ETF Amid Network Recovery Efforts
Since Nasdaq formally registered a 19b-4 form with the Securities and Exchange Commission to list the 21Shares spot Sui ETF, Sui (SUI) has
Quick overview
- Nasdaq has registered a 19b-4 form with the SEC to list the 21Shares spot Sui ETF, marking a significant regulatory milestone for SUI.
- Despite recent network challenges, SUI has shown resilience and is currently trading at approximately $3.70, reflecting an 8% increase in the last 24 hours.
- Technical analysis indicates bullish momentum for SUI, with potential price targets reaching up to $5.00 if institutional ETF approval is granted.
- SUI maintains a market capitalization of $12.3 billion, positioning it 13th among cryptocurrencies, with growing institutional interest suggesting strong future prospects.
Since Nasdaq formally registered a 19b-4 form with the Securities and Exchange Commission to list the 21Shares spot Sui ETF, Sui (SUI) has attracted notable market attention. Presented on May 23, this regulatory milestone starts the official review process for what would be among the first altcoins ETFs following the innovative institutional products of Bitcoin BTC/USD and Ethereum ETH/USD.
For the layer-1 blockchain, which has been positioned as a potential “Solana killer” inside the dApp ecosystem, the filing signals a turning point towards universal acceptance. Despite recent network issues, SUI’s momentum shows growing institutional trust; it is currently trading at roughly $3.70 with an 8% increase in last 24 hours.
Though exact information on management fees and ticker symbols is yet unknown, 21Shares has suggested BitGo and Coinbase Custody as ETF custodians. The SEC now has 45 days to decide initially; multiple delays might stretch the review term up to 240 days. By January 18, 2026, a choice has to be made finally.
Sui Network Demonstrates Resilience Following $223 Million Exploit
The Sui ecosystem recently underwent a major test as distributed exchange Cetus suffered a $223 million exploit on May 22. Nonetheless, the reaction of the network has shown the effectiveness of its systems of governance and community support structures.
The Sui Foundation acted fast to assist Cetus entirely by means of a secured loan. Though the attacker managed to bridge some to Ethereum before the freeze took effect, validators effectively froze $162 million of the stolen money on-chain. The foundation has also set aside extra $10 million for improved security initiatives like formal validation tools, audits, and bug bounties.
Although difficult, this episode has shown how quickly the network can react to threats and keep user confidence by open communication and forceful action.
SUI/USD Technical Analysis Points to Continued Bullish Momentum
Technically, SUI has great positive signs throughout several timeframes. Having bounced from its demand zone, the token has kept support above the 50-day exponential moving average (EMA), at $3.50. Additional help around the $3.00 level comes from the 200-day EMA, thereby laying a strong basis for possible upward advance.
Key technical indicators support the bullish thesis:
- The Relative Strength Index has broken its neutral point and is moving toward overbought territory, so signaling increasing momentum.
- Trading volume rose 5.16% to $12.21 billion, therefore attesting to real purchasing demand.
- EMAs Support: Price movement still shows trend continuance since it stays above important moving averages.
From the demand zone, the current arrangement shows a clear bounce pattern with price held much above important technical levels that define buyer confluence zones.
Sui Price Prediction: Significant Upside Potential
SUI is positioned for significant price increase based on present technical trends and market fundamentals. With a successful break maybe aiming at the $4.56 level in the near term, immediate resistance rests around $3.80.
More ambitious estimates indicate the token may hit $5.00 if institutional ETF approval accelerates more general acceptance. Some experts even suggest that, should present momentum keep above important support levels, the $7.00+ zone is attainable.
Regarding any negative risks, traders should still use caution. Although ongoing bearish activity might challenge the crucial $3.00 zone, growing liquidation pressure might send prices close to the $3.50 support level.
Market Position Strengthens Despite Competitive Landscape
Having a market capitalization value of $12.3 billion, SUI has remained 13th among all the cryptocurrencies in spite of current challenges. Though this is a tiny fraction of Solana’s $92 billion market value, the growing institutional interest demonstrated by ETF proposals and European exchange-traded products suggests enormous development prospects.
Currently managing $317.2 million in total assets under control for SUI-based products, Operating Sui ETPs on Euronext Paris and Amsterdam 21Shares already handles Recent flows position SUI in the top five cryptocurrencies by net assets alongside Bitcoin, Ethereum, Solana, and XRP while net inflows from May 16–24 show $2.9 million.
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