Top Traders see Golden Opportunity To Buy SUI at a Discount

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.

$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.