Sui news

SUI token surged 7.33% to $2.08, breaking resistance at $2.00 and outpacing the CoinDesk 5 benchmark index, which slipped slightly. The move left SUI nearly 7% ahead of CD5, highlighting strong token‑specific demand. Volume spiked 168% to 44 million tokens during the breakout, though overall volume was below the 7‑day average, suggesting targeted accumulation by institutions or whales. Technicals show higher lows from $1.93‑$1.98, with next resistance at $2.07‑$2.08 and a target of $2.34. Analysts cite SUI’s parallel‑processing architecture and ecosystem growth as growth drivers, with a $5 target by 2025.

SUI fell 9.2% to $2.02 after a $116 M DeFi exploit on Balancer rattled sentiment, spiking volume and prompting a wave of selling. Support at $2.08 turned resistance, 42.6 M tokens traded, 68 % above the daily average. Technical analysis flags a further slide below $2.014 toward $1.95, while a bullish reversal would need to reclaim $2.07. CoinDesk's 5 Index dropped 1.15% with all constituents lower.

SUI token dropped 9% to $2.10 over 24 hours, underperforming the broader crypto market by 4.89%. The move shows institutional liquidation: price slid from $2.32 to critical support while trading volume jumped 53 % over the 7‑day average. A decisive breakdown at $2.16, where 99.13 million tokens were traded (628 % above the 24‑hour average), triggered a V‑shaped bounce to $2.04. The recovery stalled near $2.13, a psychological resistance zone, with volume falling as buyers lacked conviction. CoinDesk’s 5 Index also fell 3.35%.

SUI fell 9.1% to $2.29 on Thursday amid fears of a $147 million token unlock in November. The drop was triggered by a break below $2.41 support, causing a surge in volume and a wave of liquidations that pushed the price to $2.27 before stabilizing. Despite the weakness, Momentum DEX reported $26 billion in weekly volume and the SUI Foundation hired Electronic Arts co‑founder Bing Gordon. Short‑term outlook remains cautious, with support at $2.27‑$2.29 and resistance at $2.41 and $2.59; a further slide could push the token toward $2.15‑$2.20.

Sui’s total value locked (TVL) surpassed $2.6 billion this week, a 12.82 % jump driven by projects such as Cetus, Bluefin and suilend, according to DefiLama. The rise reflects a lasting shift in DeFi market share: from under $250 million in early 2024 to over $1.75 billion by year‑end, and now exceeding $2.6 billion, while its stablecoin market cap hit $921 million, outpacing rivals. Despite the TVL surge, SUI’s price fell 5.7 % in the past month to about $3.40. Analysts point to a bullish ascending‑triangle pattern and resistance around $4.12–$4.45, suggesting a possible breakout.

SUI climbed 5% to $3.58 after the Sui blockchain announced its first native stablecoins, USDi and suiUSDe. The token broke $3.56 resistance, found support at $3.55, and saw volume lift to 10.87m, above the 10.44m daily average, signaling bullish momentum. The rally is driven by growing institutional interest, with Coinbase Derivatives set to list SUI futures on Oct. 20, and retail adoption in South Korea where t’order integrated SUI for Korean‑won stablecoin payments. Technical charts show higher lows and a $0.19 range, hinting a potential test of $3.60.

Sui blockchain will launch its first native stablecoins, USDi and suiUSDe, later this year via a partnership with SUI Group, synthetic dollar protocol ENA, and the Sui Foundation. USDi will be fully collateralized by BlackRock’s tokenized money‑market fund BUIDL through Securitize, while suiUSDe will mirror Ethena’s $14 billion USDe, a synthetic dollar backed by digital assets and derivatives. The move aims to boost liquidity, utility and long‑term value on Sui, and showcases the trend of blockchains issuing proprietary stablecoins.

SUI Group, formerly Mill City Ventures, plans to launch two stablecoins—suiUSDe and USDi—on the SUI blockchain by the end of 2025 through a partnership with Ethena Labs, aiming to add utility and position itself as an infrastructure builder. The move follows a $450 million raise and a $330 million stockpile, but faces regulatory hurdles such as the GENIUS Act’s Treasury reserve requirement and a recent DOJ probe into digital asset treasuries, raising concerns about compliance and liquidity. If the stablecoins succeed, they could establish a new use case for digital asset treasuries; if they fail, they may underscore the regulatory and market risks facing the sector.

SUI, the native token of the Sui network, fell 3.3 % to $3.21 after breaking the $3.26 support level, pushing it closer to the psychological $3.20 threshold. The dip coincided with a 24‑hour market decline of about 2 % and a spike in transaction volume that suggests coordinated exits by large holders. The slide comes amid a $143.9 million token unlock scheduled from Sept. 29 to Oct. 6, one of the largest in a week. Fresh supply, combined with technical weakness, raises concerns that demand may not absorb the inflow, prompting traders to test the $3.20 floor and consider further downside.

Crypto tokens over $773m will unlock in the first week of October 2025, with major releases from Sui (SUI) 44M on Oct 1, EigenCloud (EIGEN) 36.82M on Oct 1, and Ethena (ENA) 40.63M on Oct 2, adding liquidity that could spark volatility. Sui’s unlock distributes 19.32M to Series B investors, 12.63M to a community reserve, 9.98M to early contributors and 2.07M to Mysten Labs; EigenCloud splits its release between investors (19.75M) and early contributors (17.07M); Ethena allocates the entire 40.63M to its Foundation. Immutable, ZetaChain and IOTA also see new supply entering the market.