Sui on May 30, 2025: Market Analysis and SUI Growth Outlook

Analysis of Sui's price trend on May 30, 2025, covering ETFs, DeFi growth, and recovery post-hack.

On May 30, 2025, Sui (SUI), an emerging Layer 1 blockchain, experienced significant developments in the crypto market that drew investor attention. SUI traded within a range of $3.48 to $3.54, facing mild volatility. This movement was primarily driven by news surrounding the recent Cetus DEX hack and speculation about Sui ETF approvals. Technical analysts noted that SUI is consolidating in the $3.4 to $3.6 range, identified as an accumulation zone. Chart patterns, such as an ascending triangle, suggest potential for a mid-term bullish breakout, but breaking the $3.6 resistance is essential for a new rally. A drop below the $3.4 support could push prices toward $3.2. However, a daily candle close above $3.54 could signal a return of buyer strength. From a fundamental perspective, Sui’s ecosystem has seen remarkable growth in 2025. Decentralized exchange (DEX) trading volume on the Sui network reached over $48 billion in the first half of the year, reflecting widespread adoption of protocols like Suilend and NAVI. The total value locked (TVL) in Sui’s DeFi ecosystem has surpassed $4 billion, including $900 million in stablecoins. The recent integration with BitVM to enable Bitcoin DeFi capabilities, such as non-custodial nBTC, has bolstered confidence in the network. The recent Cetus hack, which resulted in a $11 million SUI theft, temporarily impacted prices negatively. However, the Sui community’s governance vote to return $162 million in frozen assets to users, with 90.9% approval, demonstrated a swift and responsible response, partially restoring investor trust. Additionally, ETF applications for Sui by firms like 21Shares and Nasdaq have raised hopes for institutional investment, though potential delays in approval may contribute to short-term volatility. Whale activity was notable, with reports of selling at higher price levels and accumulation by new wallets, indicating confidence in long-term growth. On-chain trading volume rose 7.2% to $921 million, reflecting robust network activity. Macroeconomic factors, such as U.S.-China trade tensions, could affect the market, but the U.S. administration’s crypto-friendly policies are favorable for Sui. Overall, Sui may face short-term volatility, but its mid-term outlook is highly positive due to DeFi growth, new integrations, and ETF potential. For investment, buying at support levels like $3.4 with proper risk management is advisable. Sui’s Move language and focus on scalability make it a compelling investment option in the crypto space.