Key Takeaways
SUI’s Futures Open Interest nears $1.2B, helping the altcoin become the sixth-largest crypto. ETF filings by Canary Funds and 21Shares have built institutional interest and fueled bullish sentiment.
Interest in Sui [SUI] is gaining serious traction—and not just from retail traders. Institutional players and crypto whales are showing up, too.
Futures Open Interest in SUI has climbed to around $1.2 billion, placing it just outside the top five among all crypto assets by derivatives exposure.
That kind of activity is more than just noise—it points to rising speculative appetite and growing confidence in SUI’s short-term direction.
Source: Glassnode
Part of this momentum has been fueled by recent developments in the ETF space. Notably, On the 22nd of July, Canary Funds’ SUI ETF received official approval from the U.S. SEC.
X account MartyParty confirmed,
“$SUI Spot ETF application filed with #SEC gets ‘Institution of proceedings’ which means they are officially in the approval process.”
ETF filing speculation has historically been a powerful price catalyst in the crypto market, especially for Bitcoin [BTC] and Ethereum [ETH] — now, SUI appears to be reaping similar benefits.
Whales are quietly loading up
Beyond the derivatives data, on-chain signals are echoing a similar bullish tone.
Large holders—often early movers in major rallies—have been steadily accumulating SUI since it broke above the $3 key price level.
This continued accumulation, even after the recent gains, suggests whales view on the current range to be bullish. A sustained, high-volume buying tends to be a foundational layer in broader price rallies.
Source: CryptoQuant
SUI is testing the last major resistance zone
From a technical point of view, SUI is now pressing against its final major supply zone at around $4.22.
If SUI bulls can push through and flip this level into support, it could open the path toward retesting the $5.39 all-time high, set back in January.
The technical structure looks optimistic, and the liquidity is currently building. It is just a matter of whether the momentum can follow through.
Source: TradingView
On the wake of surging Futures activity, confirmed whale accumulation, and ongoing ETF developments, SUI is aligning key signals for a potential breakout.
With the $5.39 ATH just ahead, the question now isn’t whether there’s momentum—but how far it can carry.
