SUI’s $22 Moon Shot: Raoul Pal Predicts ‘Top 5’ Domination for the ‘Solana Slayer’

Move over, Solana—there’s a new disruptor in town. SUI, the blockchain that’s been quietly stacking devs and liquidity, just got a bullish megaphone blast from macro guru Raoul Pal. The ex-Goldman exec sees a path to $22 and a seat at crypto’s top table.

Here’s why the smart money’s watching.

The Scalability Play

SUI’s parallel execution engine cuts through congestion like a hot knife through Ethereum’s gas fees. Testnet metrics show it handles throughput that’d make older chains weep—no sharding required.

The Institutional Angle

Pal’s endorsement isn’t just hype. His Real Vision platform has been tracking SUI’s enterprise adoption curve. Fortune 500s love ‘permissioned subnets’—corporate speak for ‘we want blockchain without the crypto bros.’

The $22 Question

That price target isn’t plucked from thin air. It implies flipping two current top-10 tokens—something Pal thinks could happen before Wall Street’s next ‘blockchain is dead’ report hits Bloomberg terminals.

One hedge fund PM quipped: ‘SUI’s roadmap has more deliverables than a 2017 ICO—but this time, they might actually ship.’ Ouch.

Source: TradingView 

A dream or delayed potential?

In fact, CoinGecko chimed in on the conversation with a stat that stirred curiosity. It shared that if sui hit Solana’s [SOL] market cap of $77B, then the altcoin could be valued at $22.9 — a whopping 8x.

While that’s an optimistic projection, the real-time SUI/SOL ratio tells a different story.

The altcoin outperformed SOL by 56% in late April, but lagged later in Q2. Since May, SUI has underperformed SOL by 26%. Put differently, investors were better off holding SOL than SUI late in Q3. 

Source: TradingView

The weakening could extend for a few weeks before a potential rebound if the ratio defends 0.016. If that happens, then the altcoin could outperform SOL by 56% again.  

Since May, the altcoin has underperformed SOL by roughly 26%, and the SUI/SOL chart reflects a 26.7% drawdown.

That said, the ratio is hovering NEAR its critical support at 0.0158. If this level holds, traders could see another 50%+ rebound in SUI/SOL pair performance.

DeFi boom, then bust

Sui’s Q2 recovery wasn’t just narrative-driven — part of the strong recovery was aided by the chain’s DeFi traction.

In April, Sui’s monthly DEX volume hit $11 billion, up from March’s $7 billion. This coincided with broader market recovery and memecoin mania across the Sui DeFi ecosystem. 

In May, DEX volume climbed to a record all-time high of $14.12 billion, pushing SUI’s price to $4.2.  

Since DeFi traction needs SUI for fee payments, the overall demand for the altcoin also dipped in June, pulling it from over $4 to $2.2. 

Source: DeFiLlama

Despite June’s cooldown, Pal’s long-term chart analysis shows the altcoin nearing the apex of a symmetrical triangle — a pattern known to precede breakout moves.