- SUI has surged over 900% since August 2023, hitting $4.68 and approaching its all-time high of $4.93, with strong momentum and institutional backing from VanEck.
- VanEck launched a SUI ETN and projects a $10+ target for 2025, citing SUI’s explosive growth, ecosystem expansion, and parallels to Solana’s previous bull run.
- With $1.8B in DeFi TVL and growing partnerships, plus technical signals like higher lows and breakout potential, SUI is showing signs it could be the next major Layer 1 breakout.
Since August 2023, SUI has gone from being a quiet Layer 1 to a full-on market standout. And lately? It’s been on a serious tear. The token has climbed 94% in recent months and is flirting with new all-time highs—again.
Zoom out, and the yearly chart is even wilder: a 639% gain. From its bottom around August 5th to where it sits now, roughly $4.68, SUI has exploded nearly 910%. That’s not just solid—it’s beast mode.
SUI: Among the Top Gainers
Over the last 90 days, SUI has locked in a 299% increase, putting it comfortably in the top 10 performers among altcoins. It’s now ranked 8th in terms of growth over that time frame. Pretty impressive for a project that only launched last year.
But here’s where things get really interesting.
VanEck Is All In
Yep—that VanEck. The investment firm known for big moves just dropped a dedicated SUI ETN (Exchange-Traded Note). It launched in November 2024 and has already gained 10.82%… in a regulated wrapper, no less. As of now, the ETN is managing $164 million in assets. Early backers? Already close to doubling up.
VanEck’s outlook? Wildly bullish. Their 2025 predictions include:
- BTC at $80K
- ETH pushing past $6K
- SOL cruising beyond $500
And SUI? They see it climbing past $10 next year. That’s more than 2x from today’s price.
Is $10 Actually Realistic?
To hit $10, SUI would need a market cap of around $29.3 billion. That might sound steep, but let’s get real—Cardano’s sitting at $38B, and Tron’s already near $26B. So yeah, not out of reach at all.
Take Solana’s 2021 bull run as an example. SOL hit a whopping $78.2B market cap at its peak. If SUI follows a similar path? You’re looking at a potential $26.71 price tag. Even a halfway run gets you to about $13.85.
Ecosystem Growth? It’s Cookin’
SUI’s not just a price chart darling—it’s building, fast. Its market cap shot from under $1B to over $14B in just a year. In the DeFi space, SUI has already hit $1.8B in Total Value Locked (TVL), with protocols like Na’Vi, SuLand, Cedus, and Aftermath leading the way.
And the partnerships? Legit. Their recent collab with Ant Digital Technologies aims to push real-world asset tokenization forward—something even legacy finance is watching closely.
Technicals Are Flashing Green
At $4.67, SUI is barely a whisper away from its all-time high of $4.93. A break above $4.95 would put it into price discovery mode, and all eyes are on that psychological $5 level.
There’s solid support at $4.47 and $3.93, giving the token a strong cushion if things pull back. Those levels also suggest whales (and institutions) are buying dips.
One big reason for the recent surge? The launch of the Walrus Protocol mainnet—a decentralized storage system running on SUI. Another notch in the project’s belt.
Still Early?
For investors who missed the $1.69 lows a few months back, the current pullback from highs might be the second chance they were waiting for. The price has been forming higher lows, showing strong accumulation and lower volatility—textbook signs of a healthy setup.
Final Thought
With serious institutional support, a rapidly growing ecosystem, and strong price structure, $SUI isn’t just some random pump—it might actually be the next big thing. If the momentum keeps up, that $10 target might not be so crazy after all.
