- Sui (SUI) traded at $2.65, down 2.03% in the past 24 hours.
- The token rebounded from the $2.58 to $2.60 support range after a sharp decline.
- Lion Group Holding Ltd. announced a strategic plan to acquire SUI through its $600 million crypto treasury program.
- Strong buying and increased volume followed the announcement, stabilizing SUI near $2.60.
- Analysts note resistance around $2.66 as short-term sentiment improves.
Sui (SUI) traded at $2.65 on June 27, reflecting a decline of 2.03% over the last 24 hours. This followed a rebound from the $2.58 to $2.60 support zone, according to technical analysis from CoinDesk Research.
The token recovered after falling sharply from an intraday high of $2.70 down to $2.58, with improved trading volume and renewed sentiment noted by analysts. These gains tracked closely with fresh institutional interest and treasury activity.
A significant development came as Lion Group Holding Ltd. (LGHL) announced plans to acquire SUI tokens as part of a broader $600 million crypto treasury initiative. In a press release, the Singapore-based and Nasdaq-listed company outlined a $2 million acquisition of HYPE tokens at an average price of $37.30, stating intentions to use convertible debenture proceeds for future purchases of SOL and SUI tokens.
CEO Wilson Wang described HYPE as a “foundational execution-first asset,” positioning it as essential infrastructure for future capital markets. LGHL plans to allocate at least 75% of net proceeds from its convertible facility to token acquisitions, including SUI, with remaining funds supporting its broader crypto operations and working capital. The company offers services like swaps, contracts-for-difference (CFDs), and stock options, and remains committed to expanding its exposure to layer-1 blockchains.
Technical indicators showed SUI trading between $2.58 and $2.70 within 24 hours, marking a 4.5% peak-to-trough swing. Analysts observed a sequence of higher lows forming, signaling a shift in momentum, with a volume increase of 18% above average during the recovery phase. Multiple attempts to rise above $2.66 have met resistance, suggesting a key technical barrier.
The recent activity follows stronger buying at the $2.60 level, with a late-session “V-shaped” recovery noted on elevated volumes. Analysts remain cautious due to resistance levels but acknowledge the improvement in short-term sentiment.
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