SUI Defies Bearish Pressure with 8.9% Price Surge as Institutional Demand Outweighs Token Unlock
SUI's price jumped 8.88% to $3.79, overcoming bearish pressures from a recent 44 million token unlock. Institutional demand is fueling the rally, with Mill City Ventures investing $450 million and AMINA Bank adopting sui custody services.
The network's fundamentals strengthened through Alkimi's partnership targeting the $600 billion on-chain digital advertising market. Technical indicators show bullish alignment, with RSI neutral at 54.42.