๐ Mill City Ventures Buys $20M in SUI + Banks Open Institutional Doors โ Is SUI Trending? ๐ฅ
๐ฐ Big Buy into SUI:
๐ข Mill City Ventures (MCVT), a specialty finance & direct lending firm, bought 5,600,607 SUI for $20M at $3.65, below market price ($3.80โ$3.90)๐ต.๐ค Discount deal with SUI Foundation enabled purchase below market.
๐ Now holds 81.9M SUI.๐ช Potential to buy up to $500M more after $450M private sale earlier this year.
๐ฆ Banks Offering Regulated SUI Custody & Trading:
๐จ๐ญ AMINA Bank โ first regulated bank with custody, trading, and soon staking for SUI.
๐จ๐ญ Sygnum Bank โ offers custody, spot & derivatives trading, staking, and SUI-backed Lombard loans; assets are bankruptcy-remote.
๐ BNY Mellon, State Street, and Deutsche Bรถrseโs Clearstream expanding crypto custody, paving way for wider SUI adoption.
๐ Market Impact & Price Outlook:
๐ก Legitimacy boost: Bank-backed custody attracts institutional investors.
๐ Price reaction: SUI jumped ~4% after Swiss banksโ announcements.
๐ง Liquidity growth: Regulated products support large inflows without major slippage.
๐ง What Holders Should Know & Do?:
โก Stake for growth โ Lock in your SUI with regulated staking (AMINA, Sygnum) or high-yield CEX options like Binance Earn to maximize rewards while supporting the network.
๐ Secure your stack โ For long-term holders, combine institutional-grade custody (banks like Sygnum, AMINA) with trusted CEX custody for flexibility and safety.
๐ณ Leverage without selling โ Use upcoming SUI-backed loans (Q4) or CEX margin/loan products to free up capital while keeping your SUI position intact.
๐ Accumulate & watch adoption โ With growing bank support and institutional inflows, adding to holdings during consolidation phases could pay off as SUI demand scales.
๐ก Bottom Line: With big institutional buys, discount deals, and rising regulated custody, SUI is entering a new growth phase and gaining trend momentum.
