AMINA Bank becomes the first regulated bank to support SUI token custody and trading services.
SUI blockchain records over 1.28 million new addresses within 24 hours, boosting user base to 257.9 million.
$500 million in treasury funding aims to expand SUI's ecosystem and support long-term scalability.
SUI is trading just under the $3.50 mark after pulling back from a recent high of $5.25. This level aligns with the volume-weighted average price, which currently acts as short-term resistance. The price structure is showing signs of consolidation as bulls attempt to regain momentum beneath a former support-turned-resistance zone.
The recent integration of AMINA Bank, a Swiss-regulated financial institution, marks a significant step for SUI. The bank now supports custody and trading for the SUI token. This development strengthens institutional confidence in the network and provides a compliant pathway for broader financial adoption.
Funding fuels scalability and ecosystem expansion
In addition to institutional traction, SUI received a major financial boost with Mill City Ventures allocating $500 million in treasury funding. The funding aims to support long-term scalability, ecosystem growth, and new market verticals. This capital infusion strengthens the foundation of the project and reinforces its ability to expand in competitive blockchain environments.
Network metrics showed a substantial rise in activity, with more than 1.28 million new accounts added in 24 hours. The total number of addresses now exceeds 257.9 million. This spike in user engagement coincides with increased social activity, as the token's social dominance rose to 0.973%.
Market sentiment shows mixed signals
Despite strong fundamentals, the market sentiment around SUI remains divided. Binance data shows 70.8% of perpetual contracts are long, with a long/short ratio of 2.42, indicating bullish trader positioning. However, open interest has declined to $699.6 million, and the weighted sentiment dropped to -0.655, pointing to reduced speculative interest.
Analysts highlight the $3.50 level as a critical structure for price confirmation. While short-term EMAs show stabilization attempts, the absence of a breakout keeps momentum muted. A confirmed move above this zone could open the path to $4.00 and $5.00.
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