44 Million SUI Floods Market – Brace for Two Possible Price Trajectories

A sudden dump of 44 million SUI tokens hits exchanges—traders now face a fork in the road.

Bullish or bearish? The market’s about to cast its vote.

Will whales absorb the supply, or will retail get steamrolled yet again? Only time—and maybe some shady OTC deals—will tell.

Source: TradingView (SUI/USDT)

With price action this choppy, the recent 44 million sui unlock could go one of two ways. If strong bid-side demand kicks in, we could see shorts get caught wrong-footed and a juicy short squeeze unfold.

But if that demand doesn’t show up? A deeper retracement is definitely on the cards. And with support looking shaky at best, a slip below the $3 mark isn’t out of the question.

SUI’s on-chain activity signals a growing split

According to data from CryptoQuant, SUI’s 90-day Spot Taker CVD just flipped green for the first time since last year’s “Trump Pump.”

It is the same surge that catapulted SUI to its all-time high of $5.36 back in January. 

A green CVD is a sign of genuine buying pressure returning to the spot market after a long dry spell, signaling that investors are starting to accumulate SUI once again.

Source: CryptoQuant

But the plot thickens — Since the 22nd of May, SUI’s Futures Taker CVD has remained stubbornly red, reflecting persistent selling pressure as shorts bet on further downside.

This divergence creates a classic bullish setup. Spot bulls are accumulating while Futures shorts have been piling in, priming the market for a potential short squeeze.

Notably, the recent 44 million token unlock appears to have reestablished meaningful bid support. 

If demand sustains, SUI could soon test resistance NEAR $3.50, paving the way for a push toward $4 in the near term.