SUI Token Slips 4.5% to $3.79 Despite Record $2.28B TVL as Institutional Money Flows In
SUI's price declined to $3.79 (down 4.5%) even as its ecosystem achieved an all-time high of $2.28 billion in Total Value Locked (TVL), representing 40% YTD growth. This price/TVL divergence reflects evolving market mechanics.
Institutional players are showing strong interest, with Mill City Ventures III committing $450 million primarily to sui positions. This strategic allocation demonstrates institutional conviction in Sui's long-term viability, occurring alongside growing speculation about potential SUI ETF developments.
Technical analysis maintains a positive outlook, with SUI holding above critical EMAs. The token's recent surge past $4.44 indicated untapped upside potential, though current sideways action suggests traders await more substantial catalysts.
