tBTC Launches on Sui — Injects $500M+ Liquidity 💧
Threshold Network’s tBTC, a Bitcoin-collateralized token, has officially launched on the Sui blockchain. This enables users to mint tBTC natively within Sui’s Move-based ecosystem. The debut is expected to unlock over $500 million in Bitcoin liquidity, enhancing trading, lending, and yield strategies on Sui’s platform .
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2. Price Breakout: Bull sentiment aiming for $3.20–$3.50
SUI reclaimed support at around $3.00, holding firm despite broader market volatility—technical momentum is pointing toward the next resistance zone between $3.20 and $3.50 .
Brave New Coin specifically notes that SUI broke above key moving averages, cementing bullish confidence toward a potential surge to $3.20 .
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3. Lion Group’s Crypto Treasury Spurs Rally
Lion Group Holding Ltd. has added roughly 356,000 SUI tokens to its $7 million crypto treasury, complementing large holdings in Solana and Hyperliquid .
Previously, CoinDesk reported that Lion Group’s plans to allocate up to $600 million across crypto assets fueled a ~15% rally in SUI, pushing its price back above $3 .
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4. Token Unlocks Reminder: Watch Short-Term Volatility
On July 1, 44 million SUI tokens (~1.3% of circulating supply, worth ~$122 million) were unlocked. Distribution sources include Series B investors, community funds, early contributors, and Mysten Labs . While price held, investors should monitor liquidity shifts that could introduce short-term swings.
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5. DeFi & NFTs Fuel Weekly Growth
Sui registered ~7.4% weekly gains, powered by increased TVL in its DeFi ecosystem and the debut of “Kiosk”—a protocol enhancing NFT curation and monetization .
DeFiLlama data highlights Sui is now within the top 10 blockchains by TVL, riding above the $1.8–2 billion mark .
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🧭 Market Insight & What to Watch
Trigger Outlook
tBTC liquidity Opens Bitcoin financial products natively—big DeFi growth catalyst
Technical levels Bullish — watch for breakout above $3.20–$3.50
Upcoming unlocks Monitor sell pressure post-unlock as bulls absorb fresh supply
Institutional entry Lion Group’s commitment could prompt bigger names to diversify into SUI
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🚀 Conclusion
Sui is riding high on strong catalysts: institutional treasury support, massive BTC liquidity injection, DeFi expansion, and technical momentum above $3. With the stage set for a surge to $3.50+, active investors should follow key technical levels and token release activity closely.
