After a strong rally in July, the SUI token now appears to be taking a break. Its price has dropped by nearly 20% over the past week and is currently trading around $3.46. But this pullback might not be a bad thing.
According to well-known crypto trader Michael van de Poppe, this dip could be a rare opportunity for those who missed the earlier rally to buy in at a lower price before the next big move.
SUI Price Dips After Token Unlock,
The price of SUI took a big hit this week after a major token unlock on August 1, 2025. Around 76.27 million SUI tokens, worth roughly $210 million, were released into the market.
This sudden increase in supply caused strong selling pressure, pushing the price down by 23% from recent highs of $4.5. But despite this drop, institutional confidence in SUI remains strong.
Experts See Golden Opportunity Ahead
Crypto analyst Michael recently pointed out that SUI is entering an “interesting spot” on the charts. According to him, the token has pulled back into a key support level, an area where past resistance could now act as a strong foundation for a rebound.
Michael believes this pullback is healthy, not a reason to panic. He describes it as a “market reversal phase,” where the strongest crypto ecosystems tend to bounce back the fastest. SUI, in his view, is one of those ecosystems.
SUI’s Bullish Fundamentals Back the Chart
This isn’t just a technical play either. According to the van de poppe their are two major developments are adding fuel to the fire;
Record-breaking DEX activity: SUI hit a new all-time high in decentralized exchange (DEX) volume in July 2025, with over $14 billion in transactions. This shows strong user interest and increasing adoption of the chain.
$450M in strategic funding: Mill City Ventures recently closed a $450 million private placement, tied to a new SUI Treasury Strategy. This is a massive vote of confidence in the long-term value of the project.
SUI ETF Hope Surge
It’s not just Mill City showing interest in Sui. Big players like Canary Capital and 21Shares have already filed for spot ETFs focused on $SUI.
Meanwhile, firms like Grayscale, VanEck, and Bitwise have also launched their own Sui-based investment products, signaling that institutional confidence in Sui is growing fast.
As of now SUI token price is trading around $3.46 reflecting a slight drop seen in the last 24 hours.
