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SUI Is One Of ‘The Most Under-Discussed Setups’ In Crypto, Says Analyst
TL;DR
Analyst Michaël van de Poppe claims SUI is one of the most overlooked large-cap cryptocurrencies, despite ongoing institutional and technical developments. He argues that the market is underpricing SUI's potential due to its recent price drop from $5.35 to around $0.90.
Key points
- SUI's price fell from $5.35 to around $0.90
- Analyst Michaël van de Poppe highlights ongoing developments
- Institutional and technical upgrades continue despite price drop
- SUI has launched new crypto ETPs and staking ETFs
- Cumulative stablecoin transfers crossed $1 trillion in March
Mentioned in this story
GrayscaleCanary Capital21SharesCME
USDsuiHashiMysticeti
SUI may be one of the market’s more overlooked large-cap crypto setups, according to analyst Michaël van de Poppe, who argued that the network’s institutional, stablecoin and technical developments have been overshadowed by a steep drawdown in the token price.
In a post on X, van de Poppe said market attention had focused heavily on SUI’s decline from $5.35 to roughly $0.90, while a broader infrastructure buildout continued in the background. His argument was not simply that SUI had become cheaper, but that the market may be underpricing the extent to which institutional rails, liquidity channels and protocol-level upgrades have continued to develop during the downturn.
“SUI is one of the most under-discussed setups in crypto right now,” van de Poppe wrote. “While everyone was watching the price drop from $5.35 to ~$0.90, this is what was actually being built.”
He pointed to a series of developments including the listing of a fifth spot crypto ETP in February 2026, CME futures going live, and three US staking ETFs from Grayscale, Canary Capital and 21Shares. Van de Poppe also cited Nasdaq-listed SUIG staking its full 108.7 million SUI treasury, the launch of USDsui through Stripe’s Bridge subsidiary, cumulative stablecoin transfers crossing $1 trillion in March, Hashi going live with native BTC collateral and more than 20 institutions committing on day one, and the Mysticeti consensus upgrade raising checkpoints per second from one to four.
For van de Poppe, those developments challenge the view that Sui risks fading into irrelevance after a major price correction. “This is not a narrative chain. This is rails being laid. That’s why arguing that the chain becomes a ghost chain doesn’t make sense at all,” he wrote. “Every chain has had the same impact since October 10th, which destroyed all the markets.”
Analyst Points To Users, Transactions And Stablecoin Base
Beyond the headline institutional developments, van de Poppe said he was more focused on three US staking ETFs than the token’s recent price action alone. He cited 232 million total users, 1.5 billion cumulative transactions, a roughly $500 million stablecoin baseline that held through the drawdown in total value locked, and network revenue that he said has been running consistently since launch.
Q&A
What are the recent developments in SUI's infrastructure?
Recent developments include the launch of a fifth spot crypto ETP, CME futures, and three US staking ETFs from Grayscale, Canary Capital, and 21Shares.
Why is SUI considered under-discussed in the crypto market?
SUI is seen as under-discussed because market focus has been on its price decline, overshadowing significant ongoing developments in institutional support and technical upgrades.
How much did SUI's price drop recently?
SUI's price dropped from $5.35 to approximately $0.90.
What does Michaël van de Poppe say about SUI's future?
Van de Poppe believes SUI's ongoing developments challenge the notion that it will fade into irrelevance, arguing that substantial infrastructure is being built despite the price correction.
