SUI's $22 Ambition: Raoul Pal Envisions a 'Top 5' Future for the So-Called ‘Solana Killer’

Sui (SUI) experienced a volatile first half of 2025, but it still holds potential to become a top-five crypto performer this year, according to Real Vision CEO Raoul Pal.

Dubbed the “Solana killer,” SUI surged past $5 in early January before facing Q1 headwinds that dragged its value down by 44%. However, it rebounded by 17% in Q2, and Pal anticipates further gains in the second half of the year.

In a post on X, Pal noted that SUI could maintain support above $2.20 — a significant level that served as resistance in 2024 and support in April 2025. Looking ahead, he expects the altcoin to consolidate below $3.50 before possibly breaking out, especially if Bitcoin reaches a new all-time high.

> “My view is that as BTC breaks ATHs, this begins to outperform again and will stay among the top 5 in terms of performance this cycle,” Pal stated.

🔸 Optimistic Vision or Delayed Potential?

CoinGecko added to the discussion with a compelling stat: if SUI were to reach Solana’s current market cap of $77 billion, it could theoretically hit a price of $22.90 — an 8x increase.

While this is a bullish projection, the SUI/SOL ratio paints a different picture. SUI outperformed SOL by 56% in late April but has since fallen behind. From May onward, SUI has underperformed SOL by 26%, suggesting that SOL has been the better hold heading into Q3.

The underperformance may persist for a few more weeks, unless the SUI/SOL ratio manages to hold its key support level at 0.0158. A rebound from this level could lead to another 50%+ upside, bringing the ratio — and SUI’s performance — back in favor.

🔸 DeFi Momentum — Then a Cooldown

SUI’s Q2 rally wasn’t purely speculative. A significant driver was its DeFi ecosystem, particularly a surge in decentralized exchange (DEX) activity. In April, Sui’s monthly DEX volume climbed to $11 billion, up from $7 billion in March, fueled by broader market recovery and memecoin hype within the Sui network.#SUI#SuiNetwork