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Which venue delisted SUI leveraged tokens?

KuCoin has officially removed Sui (SUI) leveraged tokens from its platform, as announced in their exchange notice.

  1. Affected tokens: SUI3L and SUI3S under KuCoin’s Leveraged Tokens program.
  2. Delisting date and time: November 27, 2025, at 01:30 UTC.
  3. Any remaining token balances were automatically converted to USDT based on their net asset value (NAV) within 24 hours.

Detailed Overview

1. Platform and Tokens Involved

This change took place on KuCoin, specifically affecting the leveraged tokens SUI3L and SUI3S. These tokens were part of KuCoin’s Leveraged Tokens (ETF) offerings, which allow traders to gain amplified exposure to the price movements of Sui (SUI) without managing margin or borrowing directly.

What this means: If you held these leveraged tokens, your investment exposure ended at the delisting time. Instead of continuing to track SUI’s price with leverage, your holdings were settled in cash (USDT), removing further risk or reward from price changes.

2. Timeline and Context

KuCoin scheduled the removal of SUI3L/USDT and SUI3S/USDT tokens for November 27, 2025, at 01:30 UTC. This was part of a broader removal of several leveraged tokens, including pairs like SUSHI3L and SUSHI3S, as noted in the official announcement. This suggests KuCoin was streamlining its leveraged token offerings during that period.

3. What Holders Needed to Know

Users were encouraged to close or adjust their positions before the delisting deadline. If any tokens remained after the cutoff, KuCoin automatically converted those balances into USDT based on the tokens’ NAV at the time of delisting. These funds were then credited to users’ accounts within 24 hours, and the tokens were removed from wallets.

What this means: If you didn’t sell or close your leveraged token positions before the deadline, your final payout depended on the NAV snapshot at delisting. Keeping an eye on NAV and liquidity near the deadline was important to avoid unexpected losses or delays.

Summary

KuCoin removed the SUI leveraged tokens SUI3L and SUI3S on November 27, 2025, at 01:30 UTC. Any leftover holdings were settled in USDT based on NAV. For anyone trading leveraged tokens in the future, it’s important to monitor exchange announcements closely and manage your positions ahead of scheduled delistings to ensure smooth settlements.

{{technical_analysis_coin_candle_chart}}


What could affect the price of SUI?

SUI faces a challenging environment with important upgrades coming and potential regulatory hurdles ahead.

  1. Protocol Upgrades – Mysticeti V2 and Move VM 2.0 aim to improve speed and scalability by late 2025.
  2. ETF Outlook – The SEC will decide on 21Shares’ SUI ETF by January 2026, which could increase interest from big investors.
  3. Token Unlocks – A $128 million token release on August 1, 2025, might cause short-term selling pressure.

Deep Dive

1. Protocol Upgrades (Positive Impact)

Overview:
Sui plans major upgrades in the fourth quarter of 2025 to fix performance issues. Mysticeti V2 will speed up transaction finality from 2-3 seconds down to 400 milliseconds. Move VM 2.0 will make transaction processing 30–65% faster. Additionally, the Walrus Mainnet now offers decentralized storage with 725 terabytes capacity (as of July 2025), supporting apps that need heavy data or AI processing.

What this means:
Faster and cheaper transactions could attract more developers, increasing activity in decentralized finance (DeFi) and non-fungible tokens (NFTs). For example, after Mysticeti V1 launched in 2024, Sui’s total value locked (TVL) jumped 40% to $2.33 billion (DeFiLlama).

2. ETF & Institutional Adoption (Mixed Impact)

Overview:
21Shares filed for a spot SUI ETF in May 2025, with the U.S. Securities and Exchange Commission (SEC) expected to decide by January 2026. Meanwhile, the Nasdaq-listed Sui Group holds 101.8 million SUI tokens valued at $344 million and plans to invest an additional $58 million.

What this means:
If approved, the ETF could bring significant inflows similar to Bitcoin ETFs, which attracted $44 billion in 2025. However, if the SEC rejects or delays the decision, it could cause price swings. Current chances of approval are estimated around 60% (CoinDesk).

3. Tokenomics & Market Sentiment (Potential Downside)

Overview:
On August 1, 2025, 44 million SUI tokens worth $128 million will become available, increasing the circulating supply by about 1.27%. After this unlock, only 35% of the total 10 billion SUI supply will be unlocked. The market’s Fear & Greed Index is currently very low at 12/100, indicating extreme fear.

What this means:
Past token unlocks, like the one in July 2025, led to a 15% price drop. The current negative sentiment could increase selling pressure, although technical indicators like the Relative Strength Index (RSI) at 23.68 suggest the token might be oversold and due for a bounce.

Conclusion

SUI’s performance in 2025 will depend on how well it balances new technology adoption with the risks from token unlocks and market sentiment. Watch the $1.32 support level closely—if it breaks, the price could fall toward $1. On the other hand, successful upgrades or ETF approval could push SUI back up toward $3.18, near its 200-day moving average.

Key question: Can Sui maintain its momentum in DeFi after the token unlock while competing with rivals like Solana and Aptos?


What are people saying about SUI?

The Sui community is caught between hopeful price rallies and concerns about upcoming token releases. Here’s what’s trending right now:

  1. Some analysts are optimistic, targeting $7 based on ETF excitement and positive price patterns 🚀
  2. Others warn of potential drops due to $77 million in token unlocks and weak momentum indicators 📉
  3. The Sui Network is promoting upcoming “Sui Summer” upgrades and new cross-chain features to grow its ecosystem 🌐

Deep Dive

1. Analyst @johnmorganFL Sees $7 Target on ETF Momentum (Bullish)

"SUI could reach $7 thanks to $1 trillion stablecoin inflows and partnerships with Swiss banks."
– John Morgan (35K followers · 9.7M impressions · Aug 9, 2025)
View original post
What this means: Optimism is driven by 21Shares’ filing for a SUI ETF, which could bring in around $300 million, and growth in Sui’s BTCFi sector, with 1,300 LBTC tokens active on the mainnet.

2. Sui Network Highlights Ecosystem Growth (Mixed Signals)

"From wallet-free DeFi to IoT integrations – Sui is building bridges to real-world use cases."
– Sui Network (1.1M followers · Nov 7, 2025)
View original post
What this means: Partnerships like NAVI’s Google login integration and the Axelar Bridge aim to increase adoption. However, the token price hasn’t kept pace with the total value locked (TVL) in the network, which stands at $2.65 billion.

3. Token Unlock Concerns Grow (Bearish)

"$77 million worth of tokens unlocking this week could push price below $2.56 support."
– Anonymous trader (June 30, 2025 · Quality score 4.6K)
What this means: Bears point to a 39.65% drop in SUI’s price over the past 30 days and a Relative Strength Index (RSI) of 45.33, which is neutral but weak. They warn that token unlocks might cause further declines toward $1.65 if market sentiment worsens.

Conclusion

The outlook for SUI is mixed. On one hand, there’s optimism fueled by ETF filings and DeFi ecosystem growth. On the other, concerns about token unlocks and broader market uncertainty weigh heavily. Keep an eye on the $3.50 resistance level—if SUI breaks above and holds, it could confirm bullish momentum. If not, selling pressure might return. Despite strong ecosystem activity with TVL near $2.5 billion, the disconnect between network growth and token price remains a key challenge.


What is the latest news about SUI?

Sui is tackling security issues and gaining interest from big investors while expanding its decentralized finance (DeFi) tools. Here are the latest updates:

  1. Chrome Wallet Scam Targets Sui (November 23, 2025) – Hackers stole crypto by using fake wallet extensions on Sui’s blockchain.
  2. Coinbase Launches 24/7 SUI Futures Trading (November 22, 2025) – New futures contracts aim to bring more trading activity to U.S. markets.
  3. Bitwise ETF Adds SUI (November 21, 2025) – A new SEC-approved ETF includes SUI alongside Bitcoin and Ethereum, offering more regulated investment options.

In-Depth Look

1. Chrome Wallet Scam Targets Sui (November 23, 2025)

What happened: A harmful Chrome extension called “Safery: Wallet” tricked users into giving up their private keys (called seed phrases) by hiding them in tiny transactions on the Sui blockchain. This clever method let hackers avoid normal security checks. Over $1 million was stolen before Google removed the extension.
Why it matters: This incident shows the risks of using browser-based crypto wallets and the need for better security checks when connecting to blockchains. The problem wasn’t with Sui itself but with third-party tools, which might make users more cautious for a while. (CryptoSlate)

2. Coinbase Launches 24/7 SUI Futures Trading (November 22, 2025)

What happened: Starting December 5, Coinbase will offer futures contracts for SUI that trade around the clock, including contracts lasting up to five years. This follows similar offerings for Bitcoin and Ethereum and is designed for institutional investors looking for regulated U.S. options instead of offshore exchanges like Binance.
Why it matters: More trading options and bigger investors could help stabilize SUI’s price over time. However, SUI’s price dropped 39% in the last 30 days, so expect some short-term ups and downs as the market adjusts. (CoinDesk)

3. Bitwise ETF Adds SUI (November 21, 2025)

What happened: The SEC approved Bitwise’s Crypto Index ETF, which includes SUI along with Bitcoin, Ethereum, and Solana. This ETF will trade on the NYSE Arca exchange, marking a big step for Sui into traditional finance markets.
Why it matters: This approval could attract more cautious investors who prefer regulated products. However, SUI’s price has fallen 54% over the past year, so it’s unclear if the ETF will bring steady investment. Watching trading activity after the ETF launches in December 2025 will be important. (Binance Square)

Conclusion

Sui is at a crossroads: it’s gaining attention from big investors through ETFs and futures, but security issues and falling prices pose challenges. While new trading products might boost interest, Sui’s future depends on how well it can protect users and keep its token stable. Will Sui’s technology improvements outpace its security risks?
{{technical_analysis_coin_candle_chart}}


What is expected in the development of SUI?

Sui is making steady progress with several key updates planned:

  1. Native Bridge (Early Q3 2025) – A secure, trustless connection allowing assets to move between Ethereum and Sui blockchains.
  2. SuiNS .move Service (Late 2025) – A user-friendly system that links easy-to-remember names to complex blockchain addresses.
  3. Deepbook v3 Upgrade (Q2 2025) – An improved decentralized exchange designed for faster and more efficient trading.

In-Depth Look

1. Native Bridge (Early Q3 2025)

What it is:
Sui is building a “native bridge” to connect its blockchain with Ethereum. This bridge lets users transfer assets directly between the two networks without needing a middleman. The technology was tested on a trial network in April 2025 after security checks.

Why it matters:
This is good news for SUI because it could bring more users and developers from Ethereum’s large community. However, delays in final approvals or slow adoption could slow down its impact.

2. SuiNS .move Service (Late 2025)

What it is:
The .move service is part of Sui’s naming system (SuiNS). It replaces long, complicated blockchain addresses with simple, readable names like “wallet.move.” This makes it easier for people to use and build on Sui (Sui Developer Forum).

Why it matters:
This upgrade could encourage more developers and users to join Sui by making the platform easier to navigate. Its success depends on how well it works with popular wallets and apps.

3. Deepbook v3 Upgrade (Q2 2025)

What it is:
Deepbook is Sui’s built-in decentralized exchange (DEX). The upcoming v3 version aims to improve how trades are matched and increase liquidity, targeting professional traders and institutions.

Why it matters:
If successful, this could attract serious traders and boost trading volume on Sui. Still, it faces stiff competition from established DEXs like Uniswap.

Summary

Sui’s roadmap focuses on making the platform more connected (Native Bridge), easier to use (SuiNS), and stronger in decentralized finance (Deepbook v3). While these updates have the potential to grow Sui’s community, challenges like execution risks and a cautious crypto market (Fear & Greed Index: 12) could limit gains. The key question is how Sui will balance innovation with incentives to keep developers engaged.


What updates are there in the SUI code base?

Sui’s code is actively being improved with stronger security, new features on its test network, and a growing number of developers working on the project.

  1. Testnet Security & Party Objects (June 29, 2025) – Added mandatory TLS encryption and introduced experimental "Party" objects for decentralized finance (DeFi) and gaming applications.
  2. Mainnet Congestion Control (June 17, 2025) – Enhanced network stability during times of heavy usage.
  3. Developer Growth (2024–2025) – Full-time developers increased by 16.1% year-over-year.

Deep Dive

1. Testnet Security & Party Objects (June 29, 2025)

Overview:
The latest Sui testnet update (v1.51.2) requires all validator communications to use TLS encryption, which helps keep the network secure. It also introduced experimental "Party" objects, which allow for more complex transactions useful in DeFi and gaming.

Additionally, improvements to developer tools have cut the time needed to set up Move packages by 30–50%, thanks to better Git integration and smarter testing filters. Node operators now need to use requester-pays buckets for syncing state archives.

Why it matters:
These changes make Sui more secure and open the door for advanced transaction types, like multi-signature setups that could be used for decentralized organizations or gaming guilds. Faster tools make it easier for developers to build on Sui.
(Source)

2. Mainnet Congestion Control (June 17, 2025)

Overview:
The mainnet update (v1.50.1) added protections against denial-of-service (DoS) attacks and improved traffic management to keep the network stable during busy periods.

Why it matters:
While users might not notice these changes immediately, they help prevent slowdowns or outages when demand spikes, which is important for maintaining Sui’s reputation as a fast and reliable blockchain.

3. Developer Growth (2024–2025)

Overview:
According to Electric Capital, the number of full-time developers working on Sui grew by 16.1% year-over-year. This is notable because most other major blockchains built on Ethereum’s technology (EVM chains) have seen developer numbers drop by over 20%. Sui and Solana are the exceptions.

Why it matters:
More developers usually mean more innovation and a stronger ecosystem. This growth shows confidence in Sui’s technology and its potential to expand in areas like DeFi and gaming.

Conclusion

Sui is evolving with a focus on security and new features like Party objects, while attracting more developers even as the broader blockchain market slows down. These improvements position Sui well to grow in DeFi and gaming sectors.

How might Party objects reshape on-chain coordination if deployed to mainnet?

{{technical_analysis_coin_candle_chart}}


Why did the price of SUI go up?

Sui (SUI) jumped 12.08% in the last 24 hours to $1.54, outperforming the overall crypto market, which rose 2.66%. Here’s why:

  1. Coinbase Derivatives Expansion – Starting December 5, SUI futures will be available for trading around the clock, making it easier for big investors to trade.
  2. ETF Inclusion – The SEC approved the Bitwise 10 Crypto Index ETF, which includes SUI, showing growing regulatory acceptance.
  3. Technical Rebound – Indicators like RSI and MACD suggest SUI’s price may be bouncing back after being oversold.

Deep Dive

1. Institutional Access Boost (Positive for Price)

What’s happening?
Coinbase Derivatives is launching 24/7 futures trading for SUI on December 5, followed by perpetual contracts on December 12. These products are similar to those offered on international exchanges and cater to institutional investors who want to trade altcoins like SUI.

Why it matters:

What to watch:

2. Regulatory Milestone via ETF (Mixed Effects)

What’s happening?
The SEC approved the Bitwise 10 Crypto Index ETF, which includes SUI along with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). While this isn’t a dedicated SUI ETF, it’s the first regulated U.S. product to offer exposure to SUI.

Why it matters:

3. Technical Rebound From Extreme Lows (Short-Term Positive)

What’s happening?
SUI’s 7-day Relative Strength Index (RSI) dropped to 17.7, indicating it was heavily oversold—the lowest since May 2025—before bouncing back. The MACD indicator also improved, and the price recovered to a key support level at $1.61.

Why it matters:

Conclusion

SUI’s recent price increase is driven by better access for institutional investors (Coinbase futures and SEC-approved ETF), technical signs of recovery, and a general positive move in Bitcoin (+2.7%). However, the coin has faced a 39% drop over the past 30 days and saw $109 million in derivatives liquidations in 24 hours, indicating ongoing volatility risks.

Key question: Will SUI stay above $1.50 after the December 5 futures launch, or will concerns like the November 23 wallet exploit and upcoming token unlocks cause more selling pressure?