SUI Price Skyrockets 955% on ETF Buzz and Strategic Deals—Wall Street Left Scrambling
Sui’s blockchain just pulled a classic crypto move—announce an ETF filing and a mystery partnership, then watch the market lose its mind. By 2025, this altcoin’s gone from ’who?’ to ’wen lambo?’ with a 955% ROI forecast.
Behind the surge: Sui’s gaming stablecoin launch for the SuiPlay0X1 handheld ties into Playtron’s ecosystem, proving once again that speculative hype plus actual utility equals rocket fuel for token prices.
Cynical take: Traders are now ’long-term believers’—until the next shiny object appears. Meanwhile, traditional finance still can’t decide if ETFs validate crypto or just institutional FOMO.
- SUI shows technical strength but faces overbought risk, with RSI at 92.81 and tight Bollinger Bands.
- 21Shares’ SEC filing for an SUI ETF adds bullish sentiment and institutional credibility.
- Long-term forecasts suggest a potential 955.9% ROI by May 2025, with strategic partnerships driving utility.
The digital asset SUI is currently trading at $3.51, reflecting a marginal 0.17% decline despite a sharp increase in its 24-hour trading volume, now at $1.74 billion, up 27.10%. Over the past seven days, the coin has gained 5.44%, underscoring its resilience within a consolidating yet bullish market structure.
SUI’s strong market momentum and price action NEAR $3.55 align with key resistance levels between $3.56 and $3.73. Technical indicators, however, warrant caution. The Relative Strength Index (RSI) sits at an overheated 92.81, suggesting the asset is overbought.
Meanwhile, the Moving Average Convergence Divergence (MACD) remains positive, and the Average Directional Index (ADX) at 45.1 confirms the strength of the ongoing trend. The narrow Bollinger Band width (2.35%) signals a potential breakout ahead, either upward or downward.
Traders are advised to maintain tight stop-loss strategies and consider partial profit-taking. Conservative investors may benefit from waiting for a pullback to the $3.43 support zone before initiating new long positions.
SUI ETF offers price exposure without ownership
In a development boosting long-term sentiment, asset management firm 21Shares has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a proposed SUI exchange-traded fund (ETF). Notably, this ETF will not engage in staking, differentiating itself from conventional crypto ETFs. Custodianship will be handled by Coinbase, though the trading venue and ticker symbol remain undisclosed.
This filing follows a similar move by Canary Capital in March 2025, marking 21Shares as the second major institutional player targeting SUI-based investment products. The ETF aims to offer direct price exposure without requiring investors to own or manage the underlying asset. The move is being interpreted by the market as a strong vote of confidence in the coin’s future role within institutional portfolios.
SUI trading volume Hits $1.61 Billion in 24 hours
As part of this filing, 21Shares also released a strategic partnership announcement with Sui Network with a view to driving global adoption. The collaboration will be in areas such as research, product development, and ecosystem development. Duncan Moir, President at 21Shares, noted SUI’s scalability, throughput capacity, real-world asset tokenization, and DeFi suitability.
In return, the market reacted positively. It jumped to $3.67, a 7.61% rise in the last 24 hours, along with a concurrent gain in trading volume by 16.03% to $1.61 billion. Changelly experts see a promising future, and May 2025 price expectations are pointing towards potential highs of $11.77 and ROI of almost 955.9%.
