Sui Foundation Buyback Tops 609K Tokens Amid Price Stagnation
The Sui Foundation has reached a significant milestone in its buyback program, accumulating over 609,800 tokens as of September 2026. This marks a major checkpoint for the foundation's ongoing effort to reduce circulating supply through on-chain yield.
Instead of relying on private placements or new token issuance, the program is funded entirely through returns generated by native stablecoins already circulating on-chain. This approach avoids dilution risk and creates a more favorable backdrop for price appreciation.
The SUI token remains trapped between its 50-day EMA ($0.7455) and 200-day EMA ($0.9650), representing the tug-of-war between lingering bearish pressure and potential recovery. A breakout above $0.9650 could open a path toward $1.05, while a drop below $0.7455 risks exposing the June support zone around $0.6615.