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$SUI price dropped 20% after token unlock, now trading near strong support zone.
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Meanwhile, top trader Michael van de Poppe sees this dip as a healthy chance for new entry.
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However, $SUI DEX volume hit $14B in July, showing strong user interest and growth.
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.
Market reversals = the strongest ecosystems will go back the fastest.
— Michaël van de Poppe (@CryptoMichNL) August 4, 2025
I think $SUI is getting into an interesting spot, where it's possible to buy the asset at a discount.
Strong move upwards last month, and I think that there's more to come.
Key factors:
– New ATH in DEX… pic.twitter.com/qiw36aIChU
$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.