SUI Faces Price Dip Despite Strong Institutional Support from Mill City Ventures

SUI's price dropped 5.07% to $3.72, even as Mill City Ventures committed $450 million to its treasury—the largest publicly traded SUI position. This institutional backing contrasts with current market pressures, as the altcoin retreated from $4.44 over two days amid global crypto market weakness tied to dollar strength.

Notably, 98% of Mill City's allocation is designated for direct market purchases, signaling long-term conviction. Technical indicators remain neutral with SUI's RSI at 51.06 despite recent sell-offs, highlighting the tension between fundamental support and macro-driven volatility in crypto markets.

The divergence underscores how institutional capital flows (a bullish signal) can coexist with short-term price sensitivity to broader risk asset movements—a dynamic characteristic of maturing cryptocurrency markets.