450 million USD entry! #SUİ welcomes the moment of institutional consensus, MCVT stock price surged 400% in a single week❗❗❗
On July 28, the listed financial company Mill City Ventures (MCVT) announced the completion of a 450 million USD private placement, with the vast majority (about 98%) allocated for purchasing the native token of Sui (SUI), triggering strong market optimism and marking the official arrival of the 'institutional era' for the Sui ecosystem.
Stimulated by this news, MCVT's stock price skyrocketed from 2 USD to 8 USD in just three days, achieving a cumulative increase of 400%, fully demonstrating the market's confidence in this strategic transformation.
Powerful endorsements from two giants:
This transformation is not an isolated case but is jointly promoted by two heavyweight institutions:
Lead investor & strategic operator: Hedge fund Karatage
Not only leading the investment but also deeply involved in corporate governance, with its founder set to become the chairman of the board and chief investment officer.
Karatage is an 'old acquaintance' of the Sui ecosystem, having participated deeply in the construction of the Sui core protocol early on, and is well-acquainted with Sui's technology and ecosystem, providing professional assurance for investment decisions.
Ecosystem builder & resource supporter: Sui Foundation
As the official institution of the Sui ecosystem, the Sui Foundation not only co-invests but is also committed to supporting developers and improving infrastructure (such as DeFi protocols) for the long term, promoting ecosystem prosperity through token incentives and other means.
Its 'repurchase and redistribution' strategy and continuous investment provide a solid foundation for the long-term value of the SUI token.
What is Sui's confidence based on?
Technological leadership: As a top Layer 1, Sui boasts extremely high speed, throughput, and security, fully meeting the demands of large-scale asset trading and AI applications.
Ecosystem prosperity: The total value locked (TVL) on-chain has exceeded 2 billion USD, reaching a historical high, with daily trading volume and ecosystem activity continuously climbing, demonstrating strong application attractiveness.
Summary:
From MCVT's 'micro-strategy for altcoins' to the joint support of Karatage and the Sui Foundation, Sui has not only gained capital favor but has also proven that its technological architecture and ecosystem potential are being deeply recognized by mainstream institutions. A new paradigm driven by institutions and powered by the ecosystem is forming on Sui, and its subsequent performance is highly anticipated.
