Why did the price of SUI go up?
Sui (SUI) increased by 4.85% over the last 24 hours, reaching $2.63 after bouncing back from recent declines. The main factors behind this rise are:
- Partnership with Google – Launch of a new AI payment system (positive)
- Technical Recovery – Oversold signals and key price support (mixed)
- Growing Institutional Interest – Bank integration and ETF talks (positive)
In-Depth Look
1. Partnership with Google (Positive Impact)
Summary:
On September 16, 2025, Sui Network announced a partnership with Google to create the Agentic Payments Protocol (AP2), which allows AI programs to make transactions directly on the blockchain. This fits well with Sui’s focus on business blockchain solutions.
Why it matters:
This partnership boosts Sui’s reputation and positions it as a leader in combining AI with blockchain technology—a trend that has helped similar projects like FET and RNDR see price gains. AI-related crypto projects have grown 47% so far this year (CoinGecko), so this news likely attracted automated trading activity.
What to watch:
Updates will be shared at the SuiFest event in Singapore on October 2, featuring investor Kevin O’Leary from Shark Tank.
2. Technical Recovery from Oversold Conditions (Mixed Impact)
Summary:
On October 19, SUI’s Relative Strength Index (RSI) dropped to 37.18, the lowest since May 2025, indicating the coin was oversold. The price found support at the 38.2% Fibonacci retracement level ($2.66), an important technical point from its 2025 peak of $3.71.
Why it matters:
Traders often see RSI values below 40 as a sign to buy, but the Moving Average Convergence Divergence (MACD) indicator is still negative (-0.06), showing weak momentum. The 200-day Exponential Moving Average (EMA) at $3.29 now acts as resistance; breaking above it would suggest a stronger recovery.
3. Increasing Institutional Adoption (Positive Impact)
Summary:
Sygnum Bank began offering custody and trading services for SUI to institutional clients on August 8. Additionally, Nasdaq-listed Mill City Ventures invested $441 million in SUI in July. Meanwhile, ETF applications from 21Shares and Canary Capital are still under review by the SEC.
Why it matters:
Access through regulated financial institutions lowers risk for big investors. SUI has seen $84 million in institutional inflows this year (CoinShares), surpassing Solana’s $76 million. However, the SEC’s delay in approving ETFs (next decision expected by January 2026) limits short-term upside.
Conclusion
Sui’s recent price rebound is driven by its strategic AI partnership, technical factors, and growing interest from institutional investors. The key question is whether SUI can maintain support above $2.66 during October’s market volatility and turn the Google collaboration into real-world use.
What could affect the price of SUI?
SUI is caught between growing interest from big investors and ongoing security challenges in decentralized finance (DeFi).
- ETF Potential (Positive) – The SEC is reviewing spot SUI ETFs, which could bring more institutional money.
- Security Risks (Negative) – A third major DeFi hack in 2025 has hurt trust in the ecosystem.
- Bitcoin DeFi Growth (Mixed) – Sui’s efforts to build a Bitcoin-focused DeFi hub face challenges as investors move to safer assets.
In-Depth Look
1. Regulatory Developments & ETF Momentum (Positive Outlook)
What’s happening:
The U.S. Securities and Exchange Commission (SEC) is currently reviewing applications for spot SUI ETFs from companies like 21Shares and Canary Capital (21Shares). This process is similar to what Bitcoin went through in 2024. If approved, it could open the door for large institutional investors to put money into SUI, potentially driving its price up significantly—Bitcoin saw about a 160% increase after its ETF approval.
Why it matters:
ETF approval, expected possibly by January 2026, would officially recognize SUI as a regulated investment. This could attract traditional financial institutions (TradFi) to add SUI to their portfolios. Interest in SUI futures has already reached $1.2 billion, showing that traders are betting on this positive outcome (Coindesk).
2. DeFi Hacks & Security Issues (Negative Outlook)
What’s happening:
SUI’s DeFi ecosystem has faced its third major hack in 2025, with Typus Finance losing $3 million due to an unaudited contract (Coinspeaker). This follows over $225 million lost in previous hacks. Each security breach causes users to pull their funds out, with SUI’s total value locked (TVL) dropping 12% after the latest incident.
Why it matters:
Repeated security problems can damage SUI’s reputation, making it less attractive for DeFi users and investors. During the October 17 market selloff, SUI’s trading volume jumped 80%, indicating that traders quickly reacted to the ecosystem’s vulnerabilities (Yahoo Finance).
3. Bitcoin DeFi Adoption vs. Market Conditions (Mixed Outlook)
What’s happening:
SUI’s Bitcoin-focused DeFi projects, like Lombard and Babylon, now make up about 10% of its $2.1 billion TVL (Bankless). However, in October, investors shifted toward Bitcoin, increasing its market dominance to nearly 59%. This shift reduces liquidity for altcoins like SUI.
Why it matters:
While Bitcoin DeFi (BTCfi) growth could support SUI’s long-term value, its short-term price is heavily influenced by Bitcoin’s performance. SUI’s 25% drop in October aligns with a broader decline in altcoins, showing that overall market trends currently have more impact than niche developments (AMBCrypto).
Conclusion
SUI’s future depends on balancing growing institutional interest—like ETF approvals and custody partnerships with banks such as Sygnum—against ongoing security challenges in DeFi. Keep an eye on the SEC’s ETF decision timeline and whether SUI’s upcoming Mysticeti v2 upgrade (expected Q1 2026) can reduce exploit risks. The big question remains: Can SUI establish itself as a “quantum-resistant chain” before threats from artificial intelligence and quantum computing become real?
What are people saying about SUI?
The Sui (SUI) community is divided between optimism about price gains and concerns over upcoming token unlocks. Here’s the key buzz:
- Price targets around $7 face risks from token unlocks that could increase selling pressure.
- Large investors (whales) are making big bets using 10x leverage on long positions.
- Rumors about an ETF approval are driving positive momentum in decentralized finance (DeFi).
- The Relative Strength Index (RSI) shows the token is oversold, hinting at a possible price rebound.
In-Depth Analysis
1. Oversold Bounce Brewing? Mixed Signals
@kaymens202 notes that SUI’s RSI is at 28.22 as of October 11, indicating the token is extremely oversold. While the MACD (a trend indicator) is bearish, a break above the Bollinger Band suggests a potential reversal toward $3.38.
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What this means: The technical indicators are mixed. There’s a chance for a rebound from the $2.55 support level, but this depends on increased buying activity to confirm the move.
2. $7 Price Target on Stablecoin Growth – Bullish Outlook
@johnmorganFL projects SUI could reach $7, based on Fibonacci retracement levels. This optimism is tied to a surge in stablecoin inflows (over $1 trillion) and partnerships with Swiss banks that could boost adoption.
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What this means: The bullish case links price growth to institutional interest and stablecoin expansion. However, the bank partnerships mentioned are not officially confirmed, so caution is advised.
3. $77 Million Token Unlock Could Pressure Price – Bearish Outlook
A CoinMarketCap community post highlights that a $77 million token unlock scheduled for this week may lead to increased selling pressure. If the price falls below $2.56, it could drop further to $1.65.
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What this means: In the short term, the market may face downward pressure due to more tokens becoming available. Long-term investors might see this as a buying opportunity during dips.
4. Whale Bets $3.36 Million on 10x Leveraged Long – Bullish Signal
Data from CoinGlass shows a whale (large investor) opened a $3.36 million long position on SUI at $3.79 with 10x leverage on August 8. However, liquidation risk exists if the price drops to $3.54.
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What this means: This is a high-risk bet indicating confidence in a near-term price increase, but it also means the position could be quickly liquidated if the price falls slightly.
Conclusion
The outlook for SUI is mixed. Positive technical indicators and ETF speculation are balanced by concerns over token unlocks and debates about centralization. Key events to watch include the SEC’s decision on the 21Shares ETF expected by January 2026 and October’s total value locked (TVL) trends, currently at $2.25 billion. The question remains: Is the RSI rebound a sign of genuine accumulation or just a temporary “dead cat bounce”? Stay tuned for further developments.
What is the latest news about SUI?
Sui is managing security challenges and market ups and downs while growing its connections with big institutions. Here are the latest highlights:
- Quantum & AI Security Alert (October 19, 2025) – Sui’s lead cryptographer warns about serious blockchain risks from AI and quantum computing, calling for industry-wide upgrades.
- Market Pressure on SUI (October 17, 2025) – SUI’s price dropped 11% during a broader altcoin selloff, with trading volume jumping 80% as traders adjusted their positions.
- Typus Protocol Hack (October 15, 2025) – A major DeFi hack on Sui’s Typus Protocol drained $3 million through an unaudited smart contract, marking the third big Sui DeFi breach this year.
In-Depth Look
1. Quantum & AI Security Alert (October 19, 2025)
Summary:
Kostas Chalkias, Chief Cryptographer at Mysten Labs, shared concerns in a CoinDesk article about how AI and quantum computers could threaten blockchain security. He explained that AI might be used to trick blockchain systems, like stealing from wallets, and that quantum computers could eventually break the encryption protecting older wallets. While Sui and some other blockchains like Ethereum and Algorand are testing new quantum-resistant security methods, most blockchains are not yet ready.
What this means for SUI:
This doesn’t impact SUI’s price immediately but shows Sui is taking steps to protect itself against future threats. If Sui successfully adopts quantum-safe technology, it could become a leader in blockchain security. Still, cooperation across the crypto industry is essential. (CoinDesk)
2. Market Pressure on SUI (October 17, 2025)
Summary:
SUI’s price fell 11% to $2.38 during a wider drop in altcoins. At the same time, trading volume surged 80% to $2.35 billion. Experts say this was due to traders closing leveraged long positions and moving funds into Bitcoin, as fear dominated the market (CoinMarketCap Fear & Greed Index at 30).
What this means for SUI:
The high trading volume shows many investors were selling quickly, but SUI’s price is still closely tied to Bitcoin’s performance. If SUI can hold above $2.60 (currently $2.63), it might start to recover. (Yahoo Finance)
3. Typus Protocol Hack (October 15, 2025)
Summary:
Typus Finance, a decentralized exchange (DEX) on Sui for perpetual contracts, lost $3.44 million due to a flaw in an unaudited smart contract related to its price oracle. This is the third major hack on Sui DeFi projects in 2025, following a $220 million breach at Cetus in May and a $2.4 million exploit at Nemo in September. These incidents raise questions about the security maturity of Sui’s DeFi ecosystem.
What this means for SUI:
This news hurts confidence in Sui’s DeFi projects. However, Typus is working closely with Mysten Labs and the Sui Foundation to recover and improve security, which could help reduce long-term damage to Sui’s reputation. (Coinspeaker)
Conclusion
Sui is facing two main challenges: urgent security threats and a cautious market that favors Bitcoin. Still, its efforts to build quantum-resistant technology and strengthen ties with institutions like AMINA Bank suggest it has the potential to stay strong over time. The big question is whether Sui’s technical improvements can keep pace with the risks from DeFi hacks.
What is expected in the development of SUI?
Sui’s development is moving forward with these key milestones:
- HyperSui DEX Launch (Q4 2025) – A native decentralized exchange offering token swaps, cross-chain trading, and leveraged positions.
- Walrus Mainnet Launch (Q1 2026) – A decentralized storage system with built-in encryption and programmable access controls.
- Mysticeti FastPath Optimization (2026) – An upgrade to speed up transaction processing to under a second.
- MEV Redistribution Reforms (2026) – Changes to reduce unfair advantages miners have and share rewards more fairly.
Deep Dive
1. HyperSui DEX Launch (Q4 2025)
Overview:
HyperSui is a decentralized exchange built directly on the Sui blockchain. It aims to bring together scattered DeFi liquidity by supporting token swaps, perpetual futures contracts, and trading across different blockchains. The plan is to launch a test version by late 2025 and go live in early 2026.
What this means:
This is positive news for SUI because it could attract more users and institutional investors to the platform. However, it faces competition from existing decentralized exchanges like Cetus, and market ups and downs could affect how quickly people adopt it (HyperSui announcement).
2. Walrus Mainnet Launch (Q1 2026)
Overview:
Walrus Protocol will offer decentralized, scalable storage with strong encryption called SEAL. It allows apps to securely share data with rules controlling who can access it, which is important for businesses and gaming applications.
What this means:
This development is somewhat positive—it could encourage more developers to build on Sui. But its success depends on how easy it is to use and how it stacks up against other storage options like IPFS or Arweave (Sui 2025 Outlook).
3. Mysticeti FastPath Optimization (2026)
Overview:
Building on the existing Mysticeti V1 upgrade, FastPath will make transactions finalize even faster—under one second—and make it easier for network validators to operate. This is part of Sui’s goal to handle over 100,000 transactions per second, supporting real-time applications like gaming and finance.
What this means:
This is a strong positive for SUI’s long-term growth and scalability. However, there are technical challenges to overcome. If successful, Sui could become a top choice for high-speed decentralized apps (Sui Foundation).
4. MEV Redistribution Reforms (2026)
Overview:
The SIP-45 proposal aims to reform Miner Extractable Value (MEV), which refers to profits miners can unfairly gain by reordering transactions. The plan includes adjusting gas price limits and redistributing rewards to users, reducing front-running and making the system fairer.
What this means:
If done well, this could boost user trust in the network. But resistance from validators or loopholes could limit its effectiveness (Sui 2025 Outlook).
Conclusion
Sui’s roadmap focuses on improving scalability (Mysticeti), increasing DeFi liquidity (HyperSui), and creating a fairer ecosystem (MEV reforms). These upgrades have the potential to strengthen Sui’s position as a leading Layer 1 blockchain. Still, success depends on smooth execution and market acceptance. The big question remains: will Sui’s technical advantages lead to widespread use, or will competitors move faster?
What updates are there in the SUI code base?
Sui’s software is actively being improved with better security, faster performance, and new features for decentralized finance (DeFi) and gaming applications.
- Mysticeti v2 Fastpath (October 7, 2025) – Speeds up transaction processing for high-demand uses.
- gRPC Beta Launch (July 24, 2025) – Replaces older data access methods with a faster, more efficient system.
- Move 2024 Language Updates (Q3 2025) – Adds new programming tools that make smart contracts easier and safer to write.
Deep Dive
1. Mysticeti v2 Fastpath (October 7, 2025)
Overview:
This update, part of Sui’s main network upgrade (version 96), introduces a "fastpath" that lets simple transactions—like sending tokens—skip some of the usual verification steps. This cuts down confirmation times by 40-65%.
Sui uses a special system called DAG-based consensus to process transactions. The fastpath prioritizes speed for common actions while still keeping complex transactions secure. Validators (the network’s transaction checkers) now handle simple and complex transactions separately to improve efficiency.
What this means:
Faster transaction confirmations make SUI more attractive for everyday uses like payments and gaming. This is especially important as Sui expands into Bitcoin-based DeFi and institutional applications. (Source)
2. gRPC Beta Launch (July 24, 2025)
Overview:
Sui switched from JSON-RPC, an older way to access blockchain data, to gRPC, a newer protocol that allows real-time data streaming and sends smaller data packets. This makes communication between apps and the blockchain faster and more efficient.
gRPC supports popular programming languages like Rust, Go, and TypeScript, and automatically generates code for developers, reducing mistakes. Early users, like Cetus Protocol, saw a 25% improvement in decentralized exchange (DEX) price updates.
What this means:
While this change doesn’t immediately impact SUI’s value, it’s a positive step for the future. Better developer tools encourage more people to build advanced decentralized apps (dApps) on Sui. (Source)
3. Move 2024 Language Updates (Q3 2025)
Overview:
The Move programming language, used for writing smart contracts on Sui, got important updates. It now supports enums (which let developers define clear contract states) and method syntax (which makes code easier to write and understand, especially for developers familiar with traditional programming).
Enums help prevent bugs by ensuring all possible contract states are accounted for, like tracking an auction from start to finish. The new syntax also lowers the learning curve for developers coming from conventional software backgrounds.
What this means:
These improvements make smart contracts safer and easier to develop, which could speed up growth in Sui’s ecosystem—especially in regulated areas like institutional DeFi. (Source)
Conclusion
Sui is focusing on making its network faster (Mysticeti), easier for developers to work with (gRPC), and safer for smart contracts (Move 2024). With ongoing stability improvements and a 54% year-over-year increase in developers (Electric Capital), Sui is positioning itself as a leading platform for high-performance decentralized applications.
Could Sui’s modular upgrades help it outpace competitors in the race to dominate Bitcoin-based DeFi? Only time will tell.