Why did the price of SUI go up?
Sui (SUI) increased by 5.43% to $2.18 over the past 24 hours, outperforming the overall crypto market, which rose 4.35%. This growth is driven by positive technical signals, improvements to the network, and rising interest from large investors.
- Technical Rebound: SUI bounced back from a key support level at $2.00, with indicators showing a shift toward upward momentum.
- Network Upgrades: The Mysticeti v2 update cut transaction delays by 25–35%, making the network faster and more efficient.
- Institutional Moves: Mill City Ventures, a Nasdaq-listed firm, invested $441 million in SUI, signaling strong confidence.
Deep Dive
1. Technical Rebound (Positive Impact)
Overview: SUI regained the important $2.00–$2.10 support range, which it has tested multiple times since October. A buy signal from the TD Sequential indicator and a bullish crossover in the MACD indicator suggest buyers are gaining control.
What this means: The repeated defense of the $2.00 level indicates sellers may be losing strength. If SUI breaks above its 30-day moving average at $2.43, it could aim for resistance between $2.50 and $2.74. The Relative Strength Index (RSI) is neutral at 38.59, meaning there’s room for the price to rise further.
2. Network Upgrades (Positive Impact)
Overview: The Mysticeti v2 upgrade, launched on November 8, combined consensus and validation processes, reducing transaction finality time to under one second. The Transaction Driver feature lowered the CPU workload for validators by directing transactions to specific nodes.
What this means: These improvements make transactions faster and cheaper, which is crucial for decentralized finance (DeFi) applications to grow. Since August 2025, daily active users on the Sui network have tripled, according to Bankless.
3. Institutional Demand (Mixed Impact)
Overview: Mill City Ventures’ $441 million investment in SUI in July 2025, along with Sygnum’s custody and trading services launched in August 2025, have increased SUI’s credibility. However, 67% of SUI’s total supply of 10 billion coins is locked until 2030.
What this means: While large investments help stabilize the price, upcoming unlocks of locked coins—such as 44 million SUI scheduled for December 1, 2025—could lead to increased supply and potential price pressure.
Conclusion
SUI’s recent price increase reflects a combination of technical recovery, network improvements, and growing institutional support. Despite this positive momentum, the 30-day price trend is still down 19.2%, indicating ongoing volatility.
Key watch: Will SUI maintain support at $2.25 (7-day moving average) to confirm a trend reversal, or will profit-taking near $2.50 cause a price pullback?
What could affect the price of SUI?
Sui’s price is balancing between strong technical support and growing interest in its ecosystem.
- Ecosystem Growth – New decentralized finance (DeFi) tools and AI features are boosting adoption.
- Regulatory Watch – The SEC’s decision on the SUI ETF is expected in 2026.
- Technical Challenges – Bearish chart patterns threaten the key $2 support level.
In-Depth Look
1. Ecosystem Growth & Innovation (Positive Outlook)
Summary: In the third quarter of 2025, Sui made significant improvements with Mysticeti v2 reducing transaction delays by 35% in Asia and 25% in Europe. Additionally, the AI-powered payment system Beep launched its beta on November 9, which could help increase real-world use of SUI. The total value locked (TVL) in Sui’s DeFi projects is over $2.1 billion, led by Suilend ($675 million) and NAVI Protocol ($534 million), showing strong liquidity. Partnerships with major players like Google (for AI-driven payments) and the United Nations Development Programme (for healthcare pilots) highlight growing institutional interest.
What this means: These upgrades and partnerships could attract more developers and users, increasing demand for SUI tokens. However, competitors like Solana, which offers transaction finality in 100-150 milliseconds through its Alpenglow upgrade, challenge Sui’s speed advantage.
2. Regulatory & ETF Developments (Mixed Outlook)
Summary: Nasdaq’s 21Shares has filed for a SUI ETF in May 2025, with the SEC expected to review it until January 2026. If approved, this ETF could bring in institutional investment similar to what Bitcoin ETFs have seen. Currently, Grayscale and 21Shares’ European SUI exchange-traded products (ETPs) manage $317 million in assets. On the downside, delays like the SEC’s June 2025 postponement of the Canary Capital decision could slow momentum.
What this means: Approval of the ETF could open the door to significant institutional capital, but ongoing uncertainty might limit price gains. Historically, crypto ETFs take 6 to 18 months to get approved, making the first half of 2026 a crucial period.
3. Technical & Supply Factors (Cautious Outlook)
Summary: Since October, SUI’s price has been moving within a downward channel, with the $2.00 to $2.30 range acting as critical support. The Relative Strength Index (RSI) at 38.59 suggests the token is slightly oversold, while the Moving Average Convergence Divergence (MACD) at -0.208 confirms bearish momentum. Additionally, a large token unlock in November released $206 million worth of SUI (about 5.8% of circulating supply), increasing selling pressure.
What this means: If SUI falls below $2.00, it could drop another 15-20% toward $1.60 to $1.80, levels seen in early 2024. However, some technical indicators like the TD Sequential buy signal and rising open interest in derivatives ($800 million, up 14.56% weekly) suggest there could be a rebound if SUI breaks above the $2.40 resistance level.
Conclusion
Sui’s price will depend on how well its ecosystem grows amid broader market challenges. While DeFi expansion and the potential ETF approval could push prices to $3–$5, upcoming token unlocks and bearish technical trends present short-term risks. The key questions are whether Sui’s fast 297,000 transactions per second (TPS) can outpace Solana’s growing institutional adoption and how the SEC’s decisions will influence market direction. Keep an eye on whether SUI closes above $2.00 on the weekly chart and any updates from the SEC for clues on future movement.
What are people saying about SUI?
The Sui (SUI) community is divided between holding strong and making strategic exits. Here’s what’s trending right now:
- $7 price targets driven by excitement around Fibonacci levels and hopes for an ETF approval 🚀
- Upcoming token unlocks raising concerns about potential dilution – a big $77 million release is coming soon 🚨
- Golden cross technical signal – traders are watching $3.50 as a critical price point 📊
Deep Dive
1. @johnmorganFL: $7 Target Amid Stablecoin Growth Bullish
"SUI could reach $7 with partnerships involving Swiss banks and $1 trillion flowing into stablecoins"
– @johnmorganFL (35.2K followers · 12K impressions · 2025-08-09)
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What this means: Optimism is based on Sui gaining traction with big financial institutions and being used for international payments. However, no specific timeline has been given.
2. @kaymens202: Post-Hack Oversold Signals Mixed
"After the Cetus hack, SUI dropped to $0.57 but bounced back to $2.55. The daily RSI at 28.2 suggests the market may have capitulated."
– @kaymens202 (1.4K followers · 709 impressions · 2025-10-11)
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What this means: The price recovery shows some investors see value, but concerns remain due to a recent $220 million security breach.
3. @SuiCommunity: ETF Filings & Institutional Moves Bullish
"SUI Group, listed on Nasdaq, holds 105 million SUI tokens (worth $359 million) and plans stock buybacks."
– @SuiCommunity (110K followers · 7.5K impressions · 2025-09-24)
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What this means: Large corporate holdings and buyback plans indicate strong confidence from institutional players, though retail investors are waiting for official ETF approvals to boost momentum.
Conclusion
The overall outlook for SUI is cautiously optimistic. Technical traders are watching for a breakout above $3.50, while long-term holders are betting on growing institutional adoption. Still, upcoming token unlocks (58 million SUI released monthly through 2030) and lingering concerns from past DeFi hacks keep some investors wary. Keep an eye on the $3.20–$3.50 price range—a steady move above this could confirm a bullish trend.
What is the latest news about SUI?
SUI is showing promise with a mix of technical improvements and cautious optimism. Here’s the latest update:
- Mysticeti v2 Upgrade (November 8, 2025) – Transaction delays dropped by 35% in Asia and 25% in Europe.
- Beep Smart Wallet Beta Launch (November 9, 2025) – AI-powered payments now available on Sui.
- SUI Price Bounces from $2 Support (November 9, 2025) – Technical signs point to a possible short-term recovery.
Deep Dive
1. Mysticeti v2 Upgrade (November 8, 2025)
What happened:
Sui improved its core system that processes transactions by combining some steps, making transactions finalize in under one second. The new system sends transactions to individual validators and groups signatures together, which reduces network workload. Early results show faster transaction times by 25–35% in important regions like Asia and Europe.
Why it matters:
Faster and cheaper transactions can attract more decentralized finance (DeFi) and gaming projects to Sui. Also, because validators need less powerful hardware, more people might run nodes, making the network more decentralized and secure. (Cryptofrontnews)
2. Beep Smart Wallet Beta (November 9, 2025)
What happened:
Beep launched a public beta for its smart wallet that uses AI to handle instant stablecoin payments and manage funds. Developers can use six different AI models, including GPT-5 and Claude, to automate cross-border payments without fees.
Why it matters:
This makes Sui more useful for businesses that need programmable payments and automated money management. However, widespread use will depend on proving the system is secure enough for large institutional transactions. (Cryptofrontnews)
3. SUI Price Bounces from $2 Support (November 9, 2025)
What happened:
SUI’s price bounced off the $2.00 level, rising 7% during the day to test resistance at $2.40. The amount of open derivative contracts increased by 1.93% to $800 million, with a balanced mix of buyers and sellers. Analysts are watching $2.50 as a key level for a potential breakout.
Why it matters:
This price action is cautiously optimistic. The bounce suggests buyers are stepping in, but the overall downward trend since October 2025 means investors should be careful. A steady increase in trading volume above $2.25 would help confirm a trend reversal. (Cryptofrontnews)
Conclusion
Sui’s recent upgrades and growing ecosystem set the stage for a possible price breakout. However, general market caution (Crypto Market Fear & Greed Index at 29) limits immediate upside. The big question is whether Mysticeti v2’s efficiency improvements will encourage developers to move from older Layer 1 blockchains to Sui.
What is expected in the development of SUI?
Sui is making progress with these key updates:
- Native Bridge (Late 2025) – A secure, trustless connection between Sui and Ethereum blockchains.
- SuiNS .move Service (Late 2025) – Easy-to-read names for digital assets and smart contracts on Sui.
- Mysticeti V2 & FastPath (2025) – Faster transaction processing and improved network efficiency.
In-Depth Look
1. Native Bridge (Late 2025)
What it is:
Sui is building a secure bridge that lets assets move directly between Sui and Ethereum without relying on third parties. It starts with common tokens and will eventually support other blockchains. This bridge uses Sui’s own security system to keep transfers safe (source).
Why it matters:
This is good news for SUI because it opens the door for Ethereum users and developers to interact with Sui, potentially bringing more liquidity and projects. However, delays in testing or security checks could slow things down.
2. SuiNS .move Service (Late 2025)
What it is:
This update improves the Sui Name Service (.sui), allowing users to assign simple, human-friendly names to digital items like smart contracts and NFTs. This makes it easier to use and helps prevent scams (source).
Why it matters:
This is somewhat positive for SUI because better user experience can encourage more people to use the platform. The real impact depends on how quickly developers adopt it and wallets support these names.
3. Mysticeti V2 & FastPath (2025)
What it is:
Mysticeti V2 aims to make transactions finalize in less than a second, while FastPath improves how validators update the network without interruptions. These upgrades are designed to handle large-scale, enterprise-level use (source).
Why it matters:
This is a strong positive for SUI since faster transaction times make it more competitive with other fast blockchains like Solana. Still, there’s a risk of bugs during the rollout.
Summary
Sui’s roadmap focuses on making the network more connected (Native Bridge), user-friendly (SuiNS), and scalable (Mysticeti V2). With the Altcoin Season Index up by 6.67% in the last 24 hours, these improvements could help Sui grow its ecosystem. The big question is whether these technical advances will lead to lasting growth in total value locked (TVL), which currently stands at $2.16 billion.
What updates are there in the SUI code base?
Sui’s latest updates focus on improving security, scalability, and making it easier for developers to build on the platform.
- Testnet v1.51.2 Security & Features (June 29, 2025) – Added TLS encryption, introduced "Party" objects, and sped up Move dependency setup.
- Sui gRPC Beta Launch (July 24, 2025) – Launched a faster API to replace JSON-RPC for real-time data access.
- Move 2024 Toolchain Upgrades (Q2 2025) – Released tools like an autoformatter, IDE plugins, and gas cost estimators.
Deep Dive
1. Testnet v1.51.2 Security & Features (June 29, 2025)
What’s new: This update improves security for validators by requiring TLS encryption, which protects communication from being intercepted. It also introduces experimental "Party" objects that allow multiple users to share control over assets—useful for things like multi-signature wallets or collaborative apps in DeFi and gaming. Additionally, improvements to the Move programming environment reduce the time it takes to set up dependencies by 30–50%, making development faster.
Why it matters: Stronger security means fewer chances for attacks, and new object types open the door for more complex decentralized applications (dApps). Faster setup times make it easier for developers to start building on Sui. (Source)
2. Sui gRPC Beta Launch (July 24, 2025)
What’s new: Sui replaced its older JSON-RPC API with a new high-speed API called gRPC. Using modern internet protocols (HTTP/2 and Protocol Buffers), this new API reduces delays by about 40% and cuts data size by roughly 30%. It supports over 10 programming languages and allows live tracking of transactions, NFTs, and wallet activities.
Why it matters: This upgrade improves how quickly and reliably apps can get data from the Sui network, which can make user experiences smoother. While developers will need to adjust to the new system, this change sets Sui up for building more advanced, enterprise-level applications in the future. (Source)
3. Move 2024 Toolchain Upgrades (Q2 2025)
What’s new: The Move programming environment got several helpful tools: an autoformatter that keeps code neat and consistent, plugins for popular code editors that add features like syntax highlighting and error detection, and a gas estimation tool that helps developers predict transaction costs before deploying their code.
Why it matters: These tools make it easier and less intimidating for developers to write and test smart contracts on Sui. By helping estimate gas fees upfront, they also reduce surprises for users, improving overall experience and encouraging more development. (Source)
Conclusion
Sui’s recent updates highlight a strong focus on security, speed, and developer support—key factors for attracting more users and projects. With infrastructure that meets institutional standards and a developer community growing over 16% year-over-year (Electric Capital), Sui is well-positioned to compete with other leading Layer 1 blockchains. The question remains: can it keep up the momentum?