Ted
Bitcoin/Ethereum Research, On-Chain Data & Macro-Based Trading
Sui's on-chain activity is strengthening, supporting its upward trend, though crowded retail longs and net-short top traders complicate the setup. Daily transactions reached 51.8 million, up 15%, and Samsung Wallet is set to go live on Sui in late October. A close above $1.078 could open $1.13; rejection near $1.07 could send SUI back to $1.00. x.comÂ
Sui could play a big role in how companies use AI agents. Mysten Labs and Google Cloud are building a way to verify that agents did only what they were allowed to do, and the Sui network records that proof. SUI has been ranging in a bullish channel, and a 4-hour close above $1.25 could trigger the next leg up. x.comÂ
SUI looks good here as the Samsung Wallet partnership to bring USDC onto Sui could widen payment access, while Sui's claimed 40 million TPS capacity could handle global fiat payment volume. After Basecamp's announcements, more smart capital is expected to flow in, though that remains a forecast. x.com x.comÂ
Sui's supply is tightening as real-world use grows. Nasdaq staked 108.7M SUI overnight, locking 2.7% of total supply at once, and Paga partnered with Sui to bring crypto payments to millions of users. The spot ETF is live and big investors are buying more, yet even after a 25% jump SUI remains 78% below its all-time high. x.comÂ
Sui is quickly becoming a ghost chain despite strong technology, because terrible token economics and founder greed hold it back. Over six months, chain fees fell 90%, TVL 70%, DEX and perp volume over 90% and daily active addresses 85%, while market cap fell only about 50%. Cheaper gas explains some of the fee drop but not the combined decline. Founders control the unallocated supply, giving them over 80% of tokens. Sui should chase trading and DeFi, crypto's best product-market fit. x.com … Show more
Sui's growing native stablecoin circulation can fund further ecosystem growth. USDsui, issued by Stripe's Bridge, reached a record $80 million in circulation, up 20.5%; revenue flowing to SUI is reinvested into the ecosystem, so more adoption means more resources for growth. x.comÂ
SUI below $0.70 discounts a network with free stablecoin transfers, sub-second finality and ties to BlackRock, Visa, Stripe and Google Cloud. The dip is a gift: the deeper it goes, the bigger the eventual rebound. x.comÂ
Sui's network shutting down four times in 48 hours is just not good for the token. @krugman87 calls its price action the most bearish setup among dozens of charts tracked, with invalidation around $1.45 and otherwise a risk of falling off a cliff and heading much lower. x.comÂ
Sui is going to $13 as it evolves from a Layer 1 into an internet liquidity layer and could overtake Ethereum in 2026 as a global financial settlement layer. Its Hashi protocol unlocks bitcoin financialization, it aims to be the native home for AI agents, and its token economics are closed-loop. The ex-Meta engineering team balances privacy and compliance. x.comÂ
Sui looks good for the long term. The case rests on USDsui, Sui's native stablecoin, which @Nick_Researcher describes as pegged 1:1 to the dollar, issued by a Stripe company and purpose-built for Sui's high-performance architecture for scalable finance and global payments. x.comÂ
Celestia's TIA, Sui and Sei look like coins whose inertia is dragging them toward zero, making them ones to avoid even for a heavy mean-reversion trader. Other assets, by contrast, have neutral or slightly positive inertia. x.comÂ
Robinhood's in-app SUI lesson and $5 token reward give Sui a new way to reach retail users. Robinhood says rewards are available while supplies last, except in New York. SUI will hit $50 in December. x.com x.comÂ
