SUI Secures Institutional Support as Swiss-Regulated AMINA Bank Launches Trading and Custody Services

SUI's market momentum is gaining traction after Switzerland's AMINA Bank, a regulated financial institution, announced support for its trading and custody services. The August 5th revelation coincided with a spike in network activity—1.28 million new addresses appeared within a day, bringing the total to 257.9 million.

Technically, sui has found stability around the $3.50 mark, a key historical support level aligned with the Volume-Weighted Average Price (VWAP). A double bottom pattern suggests a potential bullish reversal, with analysts targeting a breakout toward $5. Institutional accumulation seems to be accelerating, driven by AMINA's endorsement and increasing long interest.

Bullish signals are further supported by social dominance metrics and liquidation data. The combination of regulatory validation, technical strength, and on-chain growth positions SUI as a key player in the next wave of blockchain adoption—evolving from a simple token to a foundational asset.