$SUI price fell 3.3% in last 24 hours. The decline reflect the Bitcoin $BTC dominance rising to 61.04% . Traders rotated into BTC amid geopolitical tension and strong US economic data. Altcoins like SUI underperform when BTC asserts dominance.
Another factor is SUI largest-ever token unlocks hit market on August 1st, releasing ~47.6 M tokens (1.35% of supply). Despite SUI's TVL Holding near $1.9B, unlocks increase sell-side pressure. Post-unlock dips are common due to profit-taking, however if ecosystem growth offsets dilution, TVL rebound may cushion selling pressure.
But SUI long term growth looks good. Two spot ETF proposals (from 21shares and Canary Capital) are under #SEC review, with decisions expected by January 2026. Approval would mirror Bitcoin's 2024 ETF-driven liquidity surge. A rejection could trigger price volatility, but progress alone validates SUI Institutional credibility.
AMINA Bank launched regulated SUI trading / custody while Nasdaq-listed Mill City Ventures allocated 98% of fund to SUI. These moves indicate institutional confidence in SUI's 30k TPS sub-second finality tech.
SUI's roadmap prioritizes infrastructure capable of supporting institutional-grade #Defi , AI Agents and Mass-market gaming. With Mysticeti v2 (plan Q3 2025) and Remora(2025) addressing throughput bottlenecks, and SCION (2025) for hardening security , SUI is positioning well as Layer 1 for high stake applications.
SUI Price faces a tug-of-war. Recent token unlocks and Bitcoin dominance suppress the price and threaten short-term dips. But ETF optimism and institutional inflows could propel the price up to $6 from current $3.56 , though it will take some time, after sell pressure from unlocks softens and Bitcoin dominance in Crypto Market fell.
What do you think of SUI? Do you own SUI? or Would you sell your SUI now? Comment Below!
