SUI Token Plummets 23% Post-Unlock Despite Strong Institutional Backing

Sui's price dropped 23% after a $210 million token unlock on August 1, 2025, releasing 76.27 million new tokens into circulation. The sell-off drove sui down to $3.46, though the asset has shown resilience with a 1.55% rebound in the past 24 hours.

Institutional interest remains strong, with Mill City Ventures committing $500 million to expand its SUI treasury strategy—a bold move amid selective crypto investments. This aligns with ETF filings for Sui, signaling long-term bullish sentiment that may offset short-term supply pressures.

Technical indicators suggest potential stabilization. With an RSI of 45.67, SUI sits in neutral territory, neither overbought nor oversold. Recent declines could pave the way for a rebound if institutional inflows materialize as anticipated.