$SUI
🚨 Strong SUI Network Fundamentals Offer Bullish Counterpoint 🚨
On the other hand, analyst Michael Van de Poppe offers a bullish outlook, supported by strong network fundamentals. He notes that SUI has recently formed higher highs, a sign of continued strength in the macro structure.
Most importantly, the SUI TVL has surged to $2.06 billion, up 70% over the past month. This near all-time high indicates robust investor confidence and ecosystem engagement.
Furthermore, the network’s growth is driven by the adoption of tokens like WAL and DEEP. WAL, in particular, has emerged as one of the top-performing assets among the top 85 DePIN protocols. These developments are expanding SUI’s ecosystem significantly.
Adding to the bullish case, analyst Torero Romero shared that SUI’s total accounts have now reached over 190 million. This marks a 35.24% increase in just 30 days. More users completing their first transactions suggests accelerating adoption, which could support future price rallies.