SUI Price Target Hits $7.5 as Mill City Ventures Commits $450M to Treasury
Crypto analyst Lark Davis has set a $7.5 price target for SUI, citing a technical breakout and surging trading volume. The forecast gains credibility as Mill City Ventures commits $450 million to establish the largest publicly traded sui treasury, with 98% earmarked for token purchases from the market and SUI Foundation.
Institutional heavyweights like Electric Capital, Galaxy Digital, and Pantera Capital participated in the funding round. SUI's total value locked has skyrocketed 400% year-over-year to a record $2.2 billion, reflecting growing DeFi adoption.
The technical case strengthens as SUI breaches a key downtrend resistance. Fibonacci projections suggest upward momentum could propel prices toward Davis' target if current support levels hold.
