SUI Price Holds Steady at $3.38 as Institutional Support Counters Token Unlock Pressure

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News - SUI's price remains stable at $3.38, showing a 1.48% gain over the past 24 hours amid conflicting market dynamics. The September 1st release of 44 million tokens—valued at $153 million—initially triggered a 4% decline, reflecting trader caution toward increased supply liquidity. Offsetting this selling pressure, sui Group Holdings revealed a 100 million token treasury position worth $332 million, demonstrating strong institutional conviction. Their ongoing accumulation strategy for locked tokens has effectively established a solid price floor, showcasing long-term confidence despite short-term market fluctuations. Technical indicators reflect this equilibrium, with SUI's RSI at 46.66 indicating neutral momentum. Market participants are now monitoring for breakout signals as the asset consolidates between supply expansion and substantial institutional demand.