Sui on June 3, 2025: Rally with Institutional Support and Market Challenges

Sui rises with DeFi growth and institutional support, but trade tensions and token unlocks pose risks.

Sui (SUI), the native token of the Sui Layer 1 blockchain, is trading around $3.3 as of June 3, 2025, reflecting a slight 1.5% daily decline. However, SUI has posted a 12% gain over the past month, up approximately 17% from its March low of $2.8. This growth is driven by recent network developments, institutional support, and speculation around a potential ETF approval. The Sui network, with a total value locked (TVL) exceeding $2 billion and over 1.5 million active wallets, is an emerging player in the DeFi space. The community’s swift response to the $223 million Cetus protocol hack in May, recovering $162 million in stolen tokens, has bolstered investor confidence. Additionally, institutional investments, such as Grayscale’s inclusion of SUI in its fund and Canary Capital’s ETF filing, signal growing mainstream adoption. Partnerships with platforms like Libre Capital for asset tokenization have further enhanced the network’s appeal. From a technical perspective, SUI is consolidating between $3.2 and $3.4. Key resistance lies at $3.37, and a breakout could push prices to $3.5–$4. Support at $3.2 is critical, and a break below could see prices drop to $2.9. The Relative Strength Index (RSI) at 45 indicates neutral momentum, but high trading volume (around 14.6 million units) reflects strong market interest. Challenges remain, however. Global trade tensions, particularly U.S. tariff threats against Canada and Mexico, are exerting downward pressure on high-risk assets like SUI. The June unlock of 58.35 million tokens (worth $206 million) could increase selling pressure. Additionally, competition from blockchains like Solana and Aptos in the DeFi and Web3 space poses a hurdle. Bitcoin’s dominance falling below 70% suggests the start of an altcoin season, which could benefit Sui. Analysts predict that with ETF approval and continued DeFi growth, SUI could reach $4.35 by the end of 2025. For investors, buying at support levels of $3.2–$3.3 and awaiting a resistance breakout is advisable. In conclusion, Sui is at a pivotal moment. DeFi growth, institutional backing, and network advancements are bullish factors, but macroeconomic risks and token unlocks require caution. Investors should monitor regulatory developments and macroeconomic news, using technical analysis to identify optimal entry points.