Sui (SUI) is back in the spotlight as a powerful mix of ETF optimism, staking innovation, and booming DeFi activity fuels renewed bullish sentiment across the market.
After weeks of consolidation, the altcoin has surged nearly 2.5% on news that 21Shares filed an updated Sui ETF proposal with the U.S. SEC, introducing a staking model and signaling growing institutional confidence. With total value locked (TVL) hitting a record high, investors are now eyeing a potential long-term reversal that could reshape Sui’s position in the Layer-1 landscape.
ETF Filing Sparks Fresh Investor Interest in Sui
The Sui crypto market gained renewed attention after 21Shares submitted an amended filing for its Sui ETF to the U.S. Securities and Exchange Commission (SEC). The updated S-1 document, filed on October 23, includes a dedicated section on “Staking of Trust’s Assets,” introducing a detailed operational structure for staking activities.
21Shares updated its Sui ETF with a staking model, Nasdaq listing, Coinbase custody, and BNY Mellon as cash custodian. Source: Crypto Coin Show via X
According to the filing, Coinbase Crypto Services will act as the staking provider under a two-year agreement, while Coinbase Custody serves as digital asset custodian, and The Bank of New York Mellon manages cash holdings. Nasdaq has been selected as the proposed listing exchange, though no ticker or fee structure has yet been announced.
Shortly after the update, the price of Sui climbed from $2.40 to about $2.47—a 2.5% rise within an hour—reflecting growing optimism among investors. The inclusion of staking rewards, estimated between 5% and 7% annually, signals a step toward merging traditional finance with DeFi yield opportunities, strengthening institutional confidence in the Sui blockchain.
Sui DeFi Growth: TVL and DEX Volumes Hit Record Highs
Parallel to the ETF optimism, Sui’s DeFi ecosystem continues to demonstrate exceptional on-chain strength. According to DefiLlama, Sui’s total value locked (TVL) recently jumped by 11.32% in 24 hours to reach an all-time high of $2.16 billion. Top protocols such as Momentum ($518M) and Bluefin ($208M) led the surge, while overall ecosystem activity climbed across decentralized applications.
Sui’s $SUI TVL hit a record $2.16B, up 11.3% in 24 hours, fueled by strong dApp activity. Source: Sjuul | AltCryptoGems via X
Moreover, Sui’s monthly DEX trading volume surpassed $20 billion for the first time, marking a record high and underlining rapid growth in trading liquidity. These figures underscore the increasing utility of the Sui network, driven by its Move-based architecture that enhances scalability and user experience.
The combination of institutional interest and ecosystem growth adds credibility to recent Sui coin news, painting an optimistic picture for medium-term investors.
Technical Overview and Short-Term Sui Price Prediction
From a technical perspective, Sui (SUI) is positioned at a crucial crossroads as it tests the $1.93–$2.40 support range—a zone that once acted as major resistance during the 2024 breakout and now serves as long-term structural support. Market analysts describe this region as a “macro decision zone” that could define Sui’s price trajectory over the next three to six months. A recent liquidity sweep below this level attracted renewed buying interest, suggesting that traders are actively defending the area in anticipation of a potential rebound.
SUI tests $1.93–$2.40 support, with a hold above $2.40 targeting $3.32, $4.30, and $5.25–$5.36. Source: CryptoNuclear on TradingView
If Sui manages to hold above the $1.93–$2.40 zone and secure a weekly close beyond $2.40, it could pave the way for a move toward $3.32, the next key resistance, followed by $4.30 and the $5.25–$5.36 range—a region viewed as a possible macro breakout target. Such a move would likely shift sentiment from distribution to accumulation, signaling the start of a bullish reversal. However, failure to maintain this support and a weekly close below $1.93 could expose Sui to further downside toward $1.20 and even $0.80–$0.55, levels previously identified as liquidity bases. A breakdown beneath this zone would indicate a loss of structural integrity and could trigger a deeper correction phase led by panic selling among short-term holders.
Final Thoughts
Sui stands at a crossroads. The amended ETF filing featuring a staking model, record-breaking DeFi TVL, and a historically strong support zone suggests that momentum may be turning in its favor.
Sui was trading at around $2.48, up 0.90% in the last 24 hours at press time. Source: Brave New Coin
If sustained, these developments could lift Sui toward new cycle highs by early 2026, though the path will depend heavily on regulatory clarity and ecosystem adoption.
For traders and long-term investors evaluating the Sui coin price prediction for 2025–2030, the setup offers both opportunity and caution—a blend that continues to define the evolving Sui blockchain story.