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SUI Group Crosses 100 Million Tokens After Foundation Deal as Traders Eye $3.50 Hurdle

A discounted, locked allocation from the Sui Foundation gives the Nasdaq-listed buyer a cost-basis cushion.

Overview

  • The company added roughly 20 million SUI on September 3 via a Sui Foundation–tied arrangement, bringing disclosed holdings to about 101.8–102 million and valuing the stash around $332–$344 million.
  • Most of the tokens are staked at an estimated 2.2% yield, generating about $20,000 in daily rewards, with nearly $60 million in cash reported for potential further accumulation.
  • SUI ticked into the low-to-mid $3 range, with chart watchers citing a confirmed breakout and a near-term resistance band around $3.50 after retests of support near $3.20–$3.35.
  • Price targets discussed by analysts remain speculative, ranging from a push toward $4–$5 if momentum holds to more aggressive calls near $7 contingent on volume and breakout follow‑through.
  • Volatility risks persist from prior unlocks and liquidity events, and the U.S. SEC has delayed a decision on a proposed 21Shares SUI ETF, keeping a possible sentiment catalyst on pause.