Sui Surges 13% as Grayscale Launches New Ecosystem Trusts, Analysts Eye $10 Breakout Target
In the last 24 hours, Sui (SUI) has gained more than 13%, and it is currently above the important $3.85 support level. This is because
Quick overview
- Sui (SUI) has surged over 13% in the last 24 hours, surpassing the critical $3.85 support level due to heightened institutional interest.
- Grayscale Investments announced the launch of two new single-asset trusts focused on Sui's ecosystem, enhancing exposure to DEEP and WAL tokens.
- The Sui network has experienced significant growth, with its total value locked (TVL) reaching $2.2 billion, supported by strong DeFi activity.
- Analysts predict a bullish outlook for SUI, with potential price targets ranging from $5.00 to $11.70 based on current technical patterns.
In the last 24 hours, Sui (SUI) has gained more than 13%, and it is currently above the important $3.85 support level. This is because institutional interest in the ecosystem is at an all-time high. The increase comes after big news from Grayscale Investments and analysts becoming more sure of the altcoin’s technical setup.
Grayscale’s Dual Trust Launch Increases Exposure to the Sui Ecosystem
Grayscale Investments, the largest investing platform in the world that focuses on digital assets, said on Tuesday that it will launch two new single-asset trusts that would focus on important protocols in the Sui blockchain ecosystem. The Grayscale DeepBook Trust and Grayscale Walrus Trust give accredited investors direct access to DEEP and WAL tokens, respectively.
DeepBook is Sui’s native central limit order book. It is the basic liquidity layer for DeFi apps and has handled more than $10 billion in volume. Walrus is a programmable data storage platform. Its foundation raised $140 million from Standard Crypto and other investors in March 2025.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said, “DeepBook and Walrus are the financial and active data management backbones of the Sui ecosystem, allowing developers to make fast, safe, and decentralized apps.”
The launch comes after Grayscale’s first Sui Trust introduction earlier this year, which caused SUI’s price to rise by a huge 44% after the news.
DeFi Activity Surge Drives Sui Network Growth
The Sui ecosystem has grown a lot in the last few months. On July 28, the blockchain’s total value locked (TVL) hit an all-time high of $2.3 billion. TVL has dropped a little to $2.2 billion, but the network’s strong foundations are still there because to its high-throughput, low-latency architecture and ability to execute transactions in parallel.
Mill City Ventures became the first publicly traded business to set up a Sui treasury, generating $441 million in July, with 98% of the money going to SUI token sales. This adds to the story of institutional acceptance. In August, the company raised another $500 million, which caused its share price to rise an incredible 274% in the preceding month.
SUI/USD Technical Analysis Points to Bullish Breakout Potential
Since the Q2 recovery period, SUI has been trading in a well-defined range between $2.33 and $4.00 from a technical point of view. Two weeks ago, the token hit a seven-month high of $4.44 for a short time. Then, during the early August market correction, it fell 27%.
SUI, on the other hand, has shown great strength, bouncing back 20% from this month’s lows and effectively defending the important $3.85 support zone. The way the price is moving right now makes it look like the altcoin is getting ready to test the $4.00 resistance level again. This level has been a major technical barrier several times this summer.
Sui Price Prediction: Analyst Target $10-$11 Price Zone
A number of well-known crypto analysts are saying that SUI’s medium-term future seems good. Sjuul, an analyst at AltCryptoGems, has found a bullish “3 drives pattern” formation, which means that SUI may have “one leg left” in its current rising cycle. This might push the price up to the $5.00 resistance level.
Technical analysts who look at longer-term chart patterns are coming up with more aggressive price targets. Crypto Rand says that SUI is “consolidating after its local breakout” and could aim for an initial run to $5.00 before possibly rising to new all-time highs around the $10 threshold.
Alex Clay has an even more positive view, saying that a cup and handle pattern from 2023 to 2024 could lead to a cycle peak of $11.7, followed by a 10-month symmetrical triangular consolidation. Clay says that “the compression period is over,” and if the price breaks over the $4.00 resistance level, it might start a rally toward the $7.90-$11.7 target zone.
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