Veteran Trader Peter Brandt Flags 'Major Bottom' On SUI — Token Surges As Volume Tops $3B

• SUI rose above $1.27 as trading volume topped $3 billion, one of the strongest moves among the top-10 cryptocurrencies by market cap.
• SUI's weekly setup was a major bottom, according to veteran trader Peter Brandt.
• Nearly 75% of SUI's supply is staked, further reducing its circulating supply and fueling the latest rally.

A veteran trader may have reignited momentum in the crypto token SUI after calling a “major bottom” on its weekly chart. SUI’s toke peaked at $1.27 on Monday, pushing trading volume to over $3 billion, the largest daily rise among top-10 cryptos by market cap.

SUIG’s stock rose over 11% in pre-market trade. On Stocktwits, retail sentiment around SUIG remained in the ‘bullish’ zone, while chatter stayed at ‘extremely high’ levels over the past day.

Why SUI Is Rallying

Well-known chartist and veteran macro trader Peter Brandt marked the weekly configuration as a significant bottom and stated that considerably higher prices can be expected.

The leading cause is a classic supply shock narrative, according to SUI Group Holdings' (SUIG) first-quarter 2026 earnings call, as per reports. Another catalyst came from Nasdaq-listed SUI Group Holdings, which recently shifted its entire 108.7 million SUI holdings, roughly 2.7% of the circulating supply, from DeFi protocols into direct staking. With almost three-quarters of the total supply already staked, taking another chunk out of the liquid float is the type of balance sheet event that doesn’t need much demand to move the price. 

Stablecoins And Payments Push SUI Into Mainstream Use

A second driver is structural. Paga, a fintech firm in Nigeria that processed $11 billion in 2025, has strengthened its integration with Sui, using the USDsui stablecoin for dollar accounts and cross-border payments, according to reports. Payments are quietly emerging as the network's strongest vertical, and combined with USDsui's launch via Stripe's subsidiary Bridge in March, cumulative stablecoin transfers on Sui crossed $1 trillion. 

SUI stablecoin transfer volumes exceeding $1 trillion suggest a strong network settlement utility underpinning the group’s blockchain-centric strategy, the firm said. More importantly, it’s a publicly traded company, signaling long-term conviction rather than anonymous accumulation. 

Wall Street’s Growing SUI Exposure

According to security firm Certik, there are three staking ETFs from Grayscale, Canary, and 21Shares trading on US markets, signaling that major traditional finance players are now plugged into Sui. CME Group is also offering SUI futures. Mysten Labs just launched Hashi, a tool that allows people to use Bitcoin (BTC) as collateral directly on Sui, with more than 20 institutions already signed up. 

SUI’s price was up over 14% in the last 24 hours. On Stocktwits, it was one of the top trending tickers. Retail sentiment around SUI moved to ‘neutral’ from ‘bullish’ zone, while chatter rose to ‘extremely high’ from ‘normal’ levels over the past day.

Read also: Bitcoin Carving Its Own Narrative Away From Equities, Says Coinbase Analyst — Q2 Outlook Neutral

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