$1.28 SUI, do you want to buy?

A Nasdaq-listed company has locked in $143 million, up 40% in 7 days, with a single-day increase of over 20%—but RSI has surged above 70, futures open interest is skyrocketing, yet on-chain users haven't caught up.

First look at the surface: volume and price soaring together, momentum like a rainbow.

In the past 7 days, the highest increase exceeded 40%, market cap surged to $5.1 billion, ranking 21st, TVL hit $650 million in a week, DEX trading volume exploded by 206%. The candlestick chart shows: double bottom + breakout of the downtrend line, from 0.96 all the way to 1.41, now retracing to 1.28: bullish return, quick recovery.

First thing: the Nasdaq-listed company directly locks in $143 million.

Sui Group Holdings pledges all 108 million SUI tokens, accounting for 2.7% of circulating supply.

CPO directly tweeted "SUI SUMMER LOADING," the market went crazy. Supply is directly reduced by 2.7%.

Second thing: privacy + zero-fee stablecoin, landing within 2026.

Mysten Labs announced at Consensus 2026: protocol-level native confidential transactions (default visible only to sender and receiver), with stablecoin transfers achieving zero gas fees.

Transfers cost no gas at all, with privacy built-in. Solana’s payment narrative is strong, right? But it lacks a compliance privacy moat. SUI directly targets Visa but is more private than Visa.

Third thing: a technical signal that must be watched carefully.

RSI on the daily chart has already surged above 70, futures open interest continues to rise, but active on-chain users haven't grown in tandem.

This rally is more driven by derivatives traders betting, not real users playing. ** Once sentiment cools, leverage liquidations could be brutal.

On one side:

- The listed company locks in $143 million, directly removing 2.7% supply

- Privacy + zero-fee stablecoin roadmap, one of the biggest narratives by 2026

- TVL surpasses $650 million, DEX trading volume up 206%

- Double bottom breakout on technicals, the upward channel is open

On the other side:

- 60% of tokens are still unlocked, long-term selling pressure looming

- RSI over 70, short-term overheating needs a correction

- Futures open interest rising but on-chain users haven't kept pace, driven by speculation

- Few institutions control validator nodes, centralization risk

Key level: 1.28, the dividing line between bulls and bears.

Resistance above: 1.34-1.35 → 1.50 (psychological level) → 1.80

Support below: 1.22-1.25 (Fibonacci 0.618 + breakout platform) → 1.18 (stop-loss line)

Short-term traders:

Wait for retracement to 1.22-1.25 before entering, stop-loss at 1.18 (exit if broken), first target half at 1.40, second target 1.55-1.60.

Swing traders:

Wait until daily closes above 1.35 to confirm adding positions, use dynamic take-profit to hold, target 1.80-2.0.

Long-term believers:

If you're optimistic about Sui Stack, the integrated developer platform, start dollar-cost averaging below current price. But with 60% of tokens still locked, don’t go all-in before the end of 2026. The true breakout will come when privacy + zero-fee stablecoins land.

SUI now is like SOL in 2024—

Mainnet launched, called a “VC chain,” performance doubted, but once the ecosystem explodes, price jumps from 0.5 to 2.5.

At 1.28, are you pounding the table? #Gate广场五月交易分享 #比特币波动 $BTC $ETH $SUI