Grayscale’s Latest Move Could Send SUI Price Soaring?

Sui’s native token is back in the spotlight after Grayscale unveiled two new investment trusts tied to protocols within its ecosystem. The move has drawn fresh attention to the Layer 1 blockchain developed by Mysten Labs, which has been steadily building its DeFi and data infrastructure through projects like DeepBook and Walrus. While the trusts focus on these individual protocols rather than SUI itself, the added investor exposure could spill over into the main token’s market performance. This development comes as SUI tests a critical price zone, making the timing especially significant for traders watching its next big move.

SUI Price Prediction:Grayscale Expands Its Sui Product Line

Grayscale has expanded its crypto investment lineup with the launch of two single-asset trusts tied to protocols native to the Sui blockchain. The new Grayscale DeepBook Trust and Grayscale Walrus Trust provide accredited investors with direct exposure to DEEP and WAL tokens, respectively.

Both tokens represent core infrastructure within the Sui network, with DeepBook acting as a central limit order book for decentralized finance applications and Walrus offering a scalable and privacy-focused onchain data layer.

The move comes alongside Grayscale’s existing trust for the SUI token itself, signaling an increased commitment to the Sui ecosystem.

According to Mysten Labs co-founder Adeniyi Abiodun, the launch marks a “seminal moment” for Sui, positioning these protocols as critical pillars for blockchain adoption. While the trusts are not yet approved for secondary market trading, they open daily subscription opportunities for eligible investors, potentially boosting visibility and liquidity in the Sui ecosystem.

Apart from this, US CPI came in at 2.7%, fueling optimism for a September rate cut. Bitcoin is eyeing the $125K mark, altcoins are gearing up for potential rallies, and this broader market optimism could also give SUI’s price a lift.

SUI Price Prediction: Why This Matters for SUI Token?

Although the trusts directly target DEEP and WAL, the ripple effect could benefit SUI. Infrastructure projects like DeepBook and Walrus strengthen the utility and network effects of the Sui blockchain, which can increase demand for the native token. In past market cycles, heightened investor interest in a blockchain’s ecosystem often correlates with increased trading volume and price appreciation for its main asset.

That said, Grayscale has also highlighted the risks. Both protocols are still relatively new, with potential for high volatility and technical uncertainties. This means while sentiment could turn bullish, price swings may be sharp, and any rally could face profit-taking pressure.

SUI Price Current Market Position

SUI/USD Daily chart- TradingView

SUI is currently trading around 3.70, sitting just below the middle Bollinger Band near 3.74 on the daily chart. This level is serving as a pivot zone, with buyers and sellers fighting for short-term control. The upper Bollinger Band at 4.21 acts as the first major resistance, followed by Fibonacci retracement levels at 4.50 and 5.00 if bullish momentum strengthens.

The lower Bollinger Band, near 3.26, has acted as recent support and remains the key level to watch for downside risk. A break below this could trigger a move toward deeper retracement zones, erasing the current recovery.

Price Momentum and Trading Outlook
The chart shows SUI rebounding from late July lows, but lacking the volume and strength to break higher in early August. The Grayscale announcement could serve as the catalyst needed to push the token out of its consolidation phase, but sustained gains will require follow-through buying.

If SUI can break and hold above 3.76, short-term traders may target the 4.20 to 4.50 range, with the potential for 5.00 if market sentiment improves across the crypto sector. On the other hand, rejection at current levels could lead to another retest of 3.26, where a failure to hold support might extend the pullback toward 3.00.

SUI Price Prediction for the Coming Weeks

The overall outlook remains cautiously bullish in light of the Grayscale news, but technical signals suggest SUI needs a decisive breakout to confirm a trend reversal. If the ecosystem news translates into higher network activity and increased investor positioning, a move toward 4.50 within the month is possible. However, traders should watch for volatility spikes and be prepared for quick reversals, especially if the broader market weakens.

For now, SUI is in a position where strong ecosystem fundamentals and favorable headlines could align with technical recovery signals, making the next two weeks critical for its medium-term direction.