SUI Group’s $332M Token Grab Fuels Sui Price Rally
SUI Group Holdings acquired 20 million SUI tokens in a discounted deal with the Sui Foundation, boosting its treasury to $332 million. This token grab has lifted Sui price from $3.12 to $3.41, with daily trading volume at $806 million and $12.19 billion in open interest. The move signals institutional confidence in Sui blockchain’s DeFi potential.
Analysts now forecast Sui price could test $4.00 in Q4, driven by strong treasury bets and staking yields. However, whale-led selling may introduce volatility, possibly retracing towards $3.00 if pressure mounts. With further cash reserves for acquisitions, SUI Group’s strategy underpins long-term stability and positions the altcoin for upside amid a broader market rebound.
Bullish
SUI Group’s large-scale acquisition echoes past institutional moves that drove token rallies, such as MicroStrategy’s BTC purchases. By adding 20 million SUI to its treasury, the firm underscores confidence in Sui blockchain’s DeFi prospects, boosting market sentiment.
In the short term, this token grab supports buying momentum, likely propelling price tests toward $4.00 and beyond. Elevated open interest and high trading volumes reflect trader optimism.
Long term, sustained treasury accumulation and staking yields can attract further institutional capital, solidifying SUI’s fundamentals. While volatility remains, the strategic cash reserves and clear growth roadmap favor an extended bullish trajectory.