- SUI is down around 8% near $1.32 in a market sitting at Extreme Fear, yet Sui’s TVL has climbed to about $2.6B and network volume spiked 23% after Grayscale launched its Sui Trust.
- The ecosystem is building through the downturn: Move-based tech, DeFi, NFTs, and even educational adoption in places like the Philippines suggest deeper, longer-term growth.
- Analysts argue this “pre-institutional” phase plus growing stablecoin liquidity makes Sui look more like a future blue-chip opportunity than a failing altcoin, though risks and scams (fake extensions, seed theft) remain.
The crypto market has been a bit of a mess lately, and Sui hasn’t escaped the chaos. Total market cap slid to $2.88 trillion, the Fear & Greed Index plunged to 10 — deep into Extreme Fear — and Bitcoin cooled off to around $84,365after a quick pullback.
Meanwhile, SUI is down almost 8% on the day, sitting near $1.32, still holding the 23rd spot by market cap. On the surface, it looks like the kind of setup investors run away from… but that might actually be the wrong instinct, according to some analysts.
A recent Cheeky Crypto Unfiltered breakdown made a fairly bold claim: Sui might be one of the most underrated plays in this entire downturn. While everyone is panicking, he argues the project’s foundation is quietly getting stronger under the hood.
Sui Might Be Worth More Than the Price Suggests
One of the biggest points made is around institutional traction. Grayscale recently launched its Sui Trust — and that single move pushed network volume up 23% almost instantly. That kind of spike doesn’t happen unless there’s serious demand pouring in behind the scenes.
Sui’s Total Value Locked has climbed to $2.6 billion, showing users and builders are still committing capital even as the token drops. And the tech? That’s where it gets interesting.
Sui is built on Move, a programming language designed for speed, security, and parallel execution. Some analysts argue Move-based systems could be more scalable than Ethereum — and that’s not a fringe take. Even Charles Hoskinson, Cardano’s founder, has publicly praised Sui’s tech direction.
So yes, the market is red… but Sui’s fundamentals don’t look like they’re bleeding.
Institutional Access Could Be the Big Trigger
Right now, Sui doesn’t have the same institutional exposure as Ethereum or Bitcoin — and oddly, the host sees that as an advantage. The network might still be in a “pre-institutional” phase.
If new investment products open up (and Grayscale’s Trust might be the first of many), fresh liquidity could flood in fast. DeFi, NFTs, tokenomics transparency — all of those sectors on Sui have been building during the downturn, not shrinking.
There’s international momentum too. The Philippines has even begun teaching Move in its education system, potentially creating the next wave of Sui-native developers.
Stablecoin Growth and a Quick Warning
Sui continues to grow in the one area that matters most for DeFi: liquidity. It recently ranked third in stablecoin supply growth, with $177 million circulating in just 24 hours. More stablecoins usually mean more trading, more lending, more activity.
But there was also a safety reminder in the video — scammers are targeting Sui users with fake Chrome extensions designed to steal seed phrases. The advice? Stick to hardware wallets and try not to leave funds sitting on exchanges longer than necessary.
What’s Next for SUI?
The broader message is pretty straightforward:
Periods of extreme fear often create massive mispricing.
And when you look at rising TVL, deeper institutional interest, growing developer activity, and a unique tech stack, Sui stops looking like a struggling altcoin and starts resembling a potential long-term blue-chip.
Nothing is certain — the host emphasizes that — but the argument is simple: the foundations look a lot stronger than the price chart suggests.
And in a market full of panic, that’s exactly why some analysts are paying closer attention right now.
