SUI is trading up as the Bulls continue to rise since the recent acquisition of SUI Group Holdings’ 20 million SUI tokens.
Altcoin has risen from its $3.12 low this week, with the crypto market potentially exploding with the fourth rebound eye.
SUI Price Surge – Keybet by SUI Group Holdings
Although profits for the past 24 hours and week are under 3%, analysts are bullish on SUI following recent activities.
When this happens, the recent purchase of 20 million SUI tokens by the SUI Group has been added to short-term optimism.
The company’s holding of 101.8 million tokens is a move that suggests strong confidence in the project’s future.
“Since the launch of the SUI Ministry of Finance strategy in late July, it has quickly accumulated over 100 million SUIs, highlighting the convictions of the potential for transformation of the SUI blockchain, and its important role in the future of finance.”
The accumulation carried out through discount transactions with the SUI Foundation has sparked debate about a potential price surge and is based on bullish momentum.
The recent Treasury boost has been seen as a catalyst and could push the price to $4.00 within the next quarter if the market situation remains favorable, further strengthening the SUI basics and bringing in long-term investors.
SUI Price Volatility
Buyers seem willing to step in and reinforce the base if the price finally breaks.
In this case, the SUI price could explode above $4.00, with the short term target exceeding $5.00.
However, SUI Group’s cash for further acquisitions may indicate a commitment to growth and stabilize the token.
The main goal is that this is the long-term price outlook as the Crypto community responds to enthusiasm and users praise the financial strategy moves.
