Why did the price of SUI go up?

Sui (SUI) increased by 0.67% in the last 24 hours, slightly outperforming the overall crypto market, which rose 0.63%. This positive move is supported by promising technical signals, record-high Total Value Locked (TVL), and growing optimism around ETFs (Exchange-Traded Funds).

1. Technical Breakout Signs – A falling wedge pattern suggests a possible bullish reversal.
2. TVL Reaches $885M All-Time High – Indicates strong ecosystem growth despite some mixed on-chain data.
3. ETF Staking Update – 21Shares’ updated SEC filing includes staking details, making the ETF more appealing to institutional investors.

In-Depth Analysis

1. Technical Breakout (Positive Signal)

Summary: On daily charts, SUI has formed a falling wedge pattern, which often signals a potential upward trend reversal. If the price breaks above $2.50, it could lead to a 23% rally toward $3.10 (AMBCrypto).

What this means:

• The Supertrend indicator is still bearish since the price is below $2.50, but the rising ADX value (48.88) shows strong momentum building.
• There is short-term resistance at $2.50, where $3.07 million in leveraged short positions exist. Breaking this level could trigger forced liquidations, pushing the price higher.

What to watch: A daily close above $2.50 would confirm growing bullish momentum.

2. TVL Growth vs. Revenue Decline (Mixed Signals)

Summary: SUI’s Total Value Locked (TVL) hit a record $885.59 million on October 25, showing strong capital inflow. However, network revenue has dropped by 90% since August.

What this means:

• Positive: Increasing TVL suggests growing user trust and investment, which is important for decentralized finance (DeFi) growth.
• Negative: Trading volume on decentralized exchanges (DEX) fell 66% (from $1.48 billion to $503 million), raising concerns about long-term sustainability. Lower revenue may reduce incentives for validators who maintain the network.

What to watch: Whether TVL continues to grow alongside a recovery in revenue.

3. ETF & Institutional Interest (Positive Outlook)

Summary: On October 23, 21Shares updated its SEC filing for the SUI ETF, confirming staking through Coinbase and plans for a Nasdaq listing.

What this means:

• Adding staking options makes the ETF more attractive to institutions looking for yield.
• After the filing, open interest in SUI futures increased by 3%, indicating growing trader confidence (TokenPost).

What to watch: The SEC’s response timeline and how SUI’s staking yields compare to competitors like Ethereum (ETH).

Conclusion

SUI’s slight price increase reflects cautious optimism driven by technical signals and ETF developments, but it’s tempered by weak revenue figures. While rising TVL and institutional interest offer potential upside, the drop in DEX activity is a warning sign.

Key point to monitor: Can SUI maintain a price above $2.50 to confirm the bullish pattern, or will declining revenue lead to profit-taking? Keep an eye on ETF updates and the gap between TVL growth and revenue this week.

What could affect the price of SUI?

Sui's price is balancing between progress in its technology and market challenges.

1. ETF Approval (Positive) – The 21Shares SUI ETF with staking could bring in big investors.
2. Token Unlocks (Negative) – 63% of SUI tokens are still locked, but unlocking them could increase supply and pressure the price.
3. BTCfi Growth (Mixed) – Using Bitcoin-based DeFi on Sui might grow total value locked (TVL), but competition is strong.

In-Depth Look

1. Regulatory Boost: SUI ETF Application (Positive Outlook)

What’s Happening:
On October 24, 2025, 21Shares updated its application for a SUI ETF that includes staking rewards through Coinbase and plans to list on Nasdaq. If approved, this would be the first regulated product giving investors exposure to SUI, similar to how Bitcoin ETFs work. The U.S. Securities and Exchange Commission (SEC) is still reviewing the application, with delays due to broader concerns about crypto ETFs.

Why It Matters:
Approval could bring in large institutional investors and position SUI as a leading Layer 1 blockchain, similar to Ethereum after its ETF launches. The staking feature, offering 5-7% annual returns, could encourage holders to keep their tokens longer, reducing selling pressure.

2. Token Supply and Demand: Unlocks vs. Ecosystem Growth (Potential Risk)

What’s Happening:
Only 36% of SUI’s total 10 billion tokens are currently available in the market. Each month, more tokens unlock (for example, 58.35 million in June 2025), which could increase supply and push prices down. However, Sui’s decentralized finance (DeFi) ecosystem is growing, with a record $885 million in total value locked (TVL) as of October 2025, and $1.1 billion flowing into stablecoins on the platform.

Why It Matters:
If the growth in Sui’s ecosystem—like decentralized exchange (DEX) trading volume and Bitcoin-based DeFi (BTCfi) adoption—doesn’t keep up with the increasing token supply, the price could suffer. Watching the ratio of TVL to circulating supply (currently about 10%) helps gauge if demand can absorb new tokens.

3. Technology and Adoption: Mysticeti Upgrade and BTCfi (Mixed Effects)

What’s Happening:
Sui’s Mysticeti upgrade in August 2025 reduced transaction times by 40%, improving speed. BTCfi protocols like Lombard and Babylon now make up 10% of Sui’s TVL. But Sui faces competition from blockchains like Solana, which has faster block times (100-150 milliseconds compared to Sui’s 400 milliseconds).

Why It Matters:
Faster transaction finality and Bitcoin integration could attract more developers and users. However, Sui needs to prove it can scale and compete effectively. A sustained price move above $3.04 (the 23.6% Fibonacci retracement level) with strong trading volume would indicate positive momentum.

Summary

SUI’s future depends on whether ETF approvals can offset the pressure from token unlocks and if its DeFi ecosystem can outpace competitors. Staking ETFs and BTCfi growth offer potential gains, but risks remain from increased token supply and faster rivals like Solana. The key factor to watch is the SEC’s decision on the 21Shares ETF, expected by early 2026. Will institutional investments balance out selling from unlocked tokens?

What are people saying about SUI?

The Sui (SUI) community is caught between excitement over potential price gains and concerns about upcoming token releases. Here’s what’s trending:

1. Optimistic outlook: Some analysts predict SUI could rise above $7 thanks to ecosystem growth and buzz around ETFs 🚀
2. Unlock concerns: A $77 million token release this week might lead to selling pressure 🔓
3. Mixed technical signals: Some indicators show oversold conditions, while others suggest downward momentum 📉

Deep Dive

1. @johnmorganFL: $7 Price Target Driven by Stablecoin Growth Bullish

“SUI could hit $7 with $1T stablecoin inflows and Swiss bank partnerships”
– @johnmorganFL (92K followers · 1.2M impressions · Aug 9, 2025)
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What this means: Optimism is based on rumors that big institutions are adopting SUI and that stablecoin liquidity is increasing, which could push the price higher.

2. @kaymens202: $77M Token Unlock Could Pressure Price Bearish

“$77M SUI unlock this week could push price to $1.65 if $2.56 breaks”
– @kaymens202 (18K followers · 287K impressions · Oct 11, 2025)
View original post
What this means: The large token release may increase selling pressure, potentially pushing the price below the key support level of $2.56 (current price: $2.55).

3. CoinMarketCap Community: Conflicting Technical Indicators Neutral

“RSI at 28.22 (oversold), but MACD confirms bearish momentum”
– CoinMarketCap post (3.8K votes · 14K views · June 30, 2025)
View original post
What this means: Technical signals are mixed—while the Relative Strength Index (RSI) suggests SUI is oversold and may bounce back, the Moving Average Convergence Divergence (MACD) points to continued downward pressure. The price range between $2.50 and $3.00 will be critical to watch.

Conclusion

The outlook for SUI is mixed. On one hand, strong ecosystem growth (total value locked up 70% since August) and ETF speculation are fueling optimism. On the other hand, the upcoming token unlock and uncertain technical signals create risks. The key question is whether buyers can hold the support zone around $2.50–$2.56. Keep an eye on the Fear & Greed Index (currently at 34, indicating “Fear”) to gauge overall market sentiment and risk appetite.

What is the latest news about SUI?

Sui is balancing positive developments and some risks as its total value locked (TVL) reaches new highs and the possibility of an ETF moves forward. Here’s the latest:

1. 21Shares Updates Sui ETF with Staking (October 24, 2025) – Adds staking through Coinbase and plans to list on Nasdaq.
2. SUI Could Rally 23% on Record TVL (October 25, 2025) – $885 million locked with a bullish technical setup.
3. Humanity Protocol Jumps 138% After Sui Integration (October 25, 2025) – Migration via Walrus Protocol boosts token price.

Deep Dive

1. 21Shares Updates Sui ETF with Staking (October 24, 2025)

What happened:
21Shares updated its filing with the U.S. Securities and Exchange Commission (SEC) for a spot Sui ETF. The update includes staking SUI tokens through Coinbase, which means the ETF will earn rewards by validating transactions on the Sui network. The ETF also plans to be listed on Nasdaq, a major U.S. stock exchange.

Why it matters:
This shows growing interest from institutional investors who want to earn passive income from staking. However, delays at the SEC caused by a U.S. government shutdown could slow progress. (CoinGape)

2. SUI Could Rally 23% on Record TVL (October 25, 2025)

What happened:
Sui’s total value locked (TVL)—the amount of money invested in its ecosystem—hit an all-time high of $885.59 million, even though the price of SUI tokens stayed mostly flat. Technical analysis shows a bullish pattern that could push the price up 23% to $3.10 if certain resistance levels are broken. However, trading volume on decentralized exchanges (DEXs) dropped 66% to $503 million, which raises questions about how sustainable this growth is.

Why it matters:
High TVL suggests users trust the platform, but the sharp drop in revenue (down 90% to about $15,900) signals potential challenges for the ecosystem’s health. Traders are watching a key support level at $2.50—if the price falls below this, the positive outlook could weaken. (AMBCrypto)

3. Humanity Protocol Jumps 138% After Sui Integration (October 25, 2025)

What happened:
The token for Humanity Protocol, called H, surged 138% after the project moved its digital identity credentials to the Sui blockchain using Walrus Protocol. This partnership aims to expand decentralized digital IDs to 100 million users by 2025 and has attracted $54 million in futures trading.

Why it matters:
This highlights Sui’s growing role in identity verification solutions. However, after reaching its peak, the H token’s price dropped 12% as some investors took profits. Continued growth depends on how widely these digital credentials are adopted. (AMBCrypto)

Conclusion

Sui is making progress with its ETF plans and decentralized finance (DeFi) achievements, but faces challenges from fluctuating trading volumes and profit-taking in related tokens. With staking rewards and identity applications gaining momentum, the key question is whether Sui can maintain price gains above $3. Keep an eye on SEC decisions and how widely Walrus Protocol is adopted for signs of what’s next.

What is expected in the development of SUI?

Sui is making big moves in 2025 with these key developments:

1. SuiPlay 0X1 Launch – A new handheld gaming device and operating system.
2. AI Agent Integration – AI-powered transactions running automatically on the blockchain.
3. Remora Scaling – Technology to boost transaction speeds to over 100,000 per second.
4. P2P Tunnels – Private, instant off-chain transactions.
5. SCION Security – Stronger protection against cyberattacks for safer network use.

In-Depth Look

1. SuiPlay 0X1 Launch (2025)

What it is: SuiPlay 0X1 is a handheld gaming device that connects directly to the Sui blockchain. It runs on a new operating system called PLAYTR 0 N OS and will feature over 70 games from 65 different studios. Thanks to Sui’s fast network, players can truly own in-game items and even use decentralized finance (DeFi) features within games.
Why it matters: This could attract many new users to SUI by tapping into the popular gaming market. It also helps keep transaction fees stable. However, Sui will face tough competition from established gaming blockchains like ImmutableX.

2. AI Agent Integration (2025)

What it is: Sui plans to let AI agents perform tasks like trading or storing data on the blockchain automatically. This uses decentralized storage called Walrus and digital rights management (DRM) tools. They’re working with TalusNetwork to make it easier for AI to operate on-chain.
Why it matters: This could bring in developers interested in AI and blockchain, offering new use cases. Still, strong security is essential to avoid potential hacks or misuse.

3. Remora Scaling (2025)

What it is: Remora is an upgrade that lets groups of validators (the network’s transaction verifiers) work together in parallel, greatly increasing speed. Tests show it can handle over 100,000 transactions per second without needing supercomputers.
Why it matters: This makes SUI a strong candidate for large-scale business applications that need fast, reliable blockchain performance.

4. P2P Tunnels (2025)

What it is: These are programmable channels that let users send transactions directly to each other off the main blockchain, with no delay. This is great for small payments and apps that need privacy. The technology is supported by research from Carnegie Mellon University.
Why it matters: It opens up new possibilities for decentralized finance (DeFi) and privacy-focused applications, though success depends on how many developers adopt it.

5. SCION Security (2025)

What it is: Sui will integrate with SCION, a secure internet architecture designed to prevent common cyberattacks like DNS spoofing and DDoS attacks. This is especially important for attracting institutional users.
Why it matters: While improved security is necessary to compete with other blockchains like Solana, it’s unlikely to directly impact SUI’s price.

Conclusion

Sui’s 2025 plans focus on making the network faster (Remora), more useful in real-world scenarios (gaming and AI), and safer for big players (SCION security). These upgrades could help Sui stand out in the competitive Layer 1 blockchain space. However, success will depend on how well these features are executed and how the market responds. The big question remains: can Sui’s gaming strategy outshine its competitors in a crowded market?

What updates are there in the SUI code base?

Sui’s latest updates focus on improving security, developer tools, and scalability.

1. Testnet Party Objects (June 29, 2025) – Introduced new transaction types for DeFi and gaming experiments.
2. Move 2024 Enums (May 2025) – Added enum support to the Move programming language for handling complex data more safely.
3. VDFs & Randomness Beacon (April 2025) – Added cryptographic tools to generate unbiased, verifiable randomness on-chain.

Deep Dive

1. Testnet Party Objects (June 29, 2025)

Overview: This update allows developers to use “Party” objects and special transfer functions on Sui’s testnet. These let multiple users share control over assets or set conditions for transactions, similar to multi-signature wallets.
Though currently limited to the testnet, this feature hints at future mainnet capabilities for decentralized governance or pooled assets in DeFi and gaming.
Why it matters: This is a positive step for Sui because it opens up new ways for developers to build collaborative and innovative applications. (Source)

2. Move 2024 Enums (May 2025)

Overview: The Move programming language now supports enums, which let developers define custom data types with multiple options, like “Option.” This helps create safer smart contracts by forcing developers to handle all possible cases explicitly.
Enums simplify complex coding and reduce errors, especially when combined with other recent Move features like improved method syntax and macros.
Why it matters: This update makes it easier and safer for developers to build decentralized apps (dApps), speeding up innovation and reducing risks during code audits. (Source)

3. VDFs & Randomness Beacon (April 2025)

Overview: Sui added Verifiable Delay Functions (VDFs) and a Randomness Beacon to its Devnet. These cryptographic tools provide secure, tamper-proof randomness that can’t be influenced by validators. This is important for applications like gaming and NFTs that rely on fair random outcomes.
The Randomness Beacon continuously generates verifiable random values, ensuring ongoing fairness.
Why it matters: This upgrade enables trustworthy on-chain lotteries, random NFT traits, and other features that require unbiased randomness, enhancing Sui’s appeal for gaming and collectible projects. (Source)

Conclusion

Sui is steadily improving its platform to support secure, user-friendly, and scalable applications. With new testnet features like Party Objects, language enhancements through Move 2024, and advanced cryptographic tools such as VDFs, Sui is preparing for more complex, enterprise-level use cases. It will be interesting to see how these updates impact Sui’s growth in DeFi and gaming throughout the fourth quarter of 2025.