Sui Falls Nearly 10% After 40% Rally as Staking Cuts Supply

Sui fell nearly 10% from Sunday’s $1.42 intraday high after a weeklong rally that lifted the token about 40%, as SUI Group staked most of its holdings and announcements of CME futures and a Paga partnership tightened liquid supply.

SUI Group Holdings said it expanded its treasury to 108,728,129 SUI and that “substantially all” of those tokens are now staked at an estimated 1.8% yield, removing roughly 2.7% of the token’s supply from liquid circulation.

At press time SUI traded around $1.273, down about 4% over 24 hours and nearly 10% below Sunday’s peak. Technical indicators showed cooling after rapid buying: the Relative Strength Index rose to 84.4 during the rally and eased to about 75.94. An analyst wrote, “RSI hit 84 yesterday. That’s deeply overbought. A cooldown was inevitable. The broader market also shifted risk-off today. $680M in outflows from BTC and ETH into stablecoins. SUI didn’t dump alone — the whole market did.”

On-chain metrics showed continued activity. Total value locked on the Sui network rose to roughly $653 million from about $541.9 million at the start of May. Stablecoin supply on Sui increased about 4.5% over the last week and decentralized exchange volumes climbed more than 200%. Social dominance during the rally ranged between 0.13% and 0.15%, below a 0.38% spike on May 6.

Santiment noted two demand-side catalysts: “CME Group SUI futures launching May 29 (only the fifth L1 with regulated derivatives access), and Paga partnership for cross-border African payments.” Santiment added that “The conversation isn’t outrunning the price. Institutional supply locks driving a rally look different on-chain than retail FOMO.”

SUI remains about 76% below its all-time high and trades below its early-2026 peaks, keeping it negative year-to-date. Market participants noted that reclaiming prior highs will depend on sustained buying, further network growth and whether corporate treasury inflows and staking demand outpace scheduled monthly token unlocks.

Traders and investors are watching liquidity and derivatives flows closely as the CME futures launch approaches, which could affect institutional participation and short-term volatility for the token.