SUI Price Struggles Amid Institutional Accumulation and Rising Network Activity
SUI's price continues to struggle after failing to break through $0.84, trading near its daily low of $0.7855.
Despite this, institutional ETFs have been accumulating SUI for 12 consecutive weeks, adding over 9.3 million tokens since June.
The uneven pace of buying is a key factor in the current price action, with some weeks seeing large inflows and others much smaller.
SUI's network activity has been on the rise, with over 8.5 million transactions processed on August 22, a new 90-day high.