🚹 SUI Ecosystem Update: Institutional Breakthroughs & Market Shifts

🏩 AMINA Bank Joins In

In a significant step towards institutional adoption, AMINA Bank – a regulated financial institution based in Switzerland – has become the first bank to offer custody and trading services for $SUI. This move adds substantial credibility to the SUI network from a traditional finance perspective.

💰 $500M Treasury Injection

Mill City Ventures has secured a massive $500 million to support the SUI ecosystem. The funds will be directed towards enhancing scalability, expanding vertically, and accelerating overall growth.

📊 Network Growth Spike

The SUI blockchain saw a remarkable increase in activity, with over 1.28 million new addresses created within a single day. The total number of wallet addresses has now surpassed 257.9 million.

📈 Trader Sentiment: Bullish

On Binance, a strong 70.8% of traders are taking long positions on $SUI, with the long/short ratio reaching 2.42 – signaling bullish sentiment in the derivatives market.

🧊 Cooling Speculation

Despite the bullish bias, open interest has declined to $699.6 million, indicating a reduction in speculative bets.

📉 Sentiment Softens

The weighted sentiment score has dipped to -0.655, reflecting a slightly cautious mood in the market.

📱 Social Attention Rising

However, community chatter is increasing – SUI’s social dominance has climbed to 0.973%, suggesting a growing focus among crypto discussions.

📌 Critical Price Zone

Investors are closely watching the $3.50 resistance level. A breakout above this could pave the way for long-term bullish momentum.