TLDR
- Crypto analyst Lark Davis predicted a $7.5 target for the SUI price based on technical breakout and volume surge.
- Mill City Ventures committed $450 million to create the largest publicly traded SUI treasury.
- The company plans to allocate 98 percent of the funds to purchase SUI tokens from the market and the SUI Foundation.
- Institutional investors such as Electric Capital, Galaxy Digital, and Pantera Capital participated in the funding round.
- SUI’s total value locked has grown by 400 percent in one year, reaching a new high of $2.2 billion.
Crypto analyst Lark Davis has forecasted a $7.5 SUI price target amid strong technical indicators and strategic developments. The prediction aligns with Mill City Ventures’ commitment of $450 million to build the largest publicly traded SUI treasury. As trading volume and DeFi activity rise, market sentiment continues to shift toward a bullish outlook for the token.
Technical Breakout Signals Potential Upside for SUI Price
Lark Davis recently highlighted a critical breakout in the SUI price chart, supported by growing trading volume. The price surged past a prolonged downtrend resistance, establishing momentum for a potential upward move. If the token holds this level, Fibonacci projections suggest a path toward the $7.5 target.
SUI has had a major breakout recently beyond the downtrend line (orange line).
We even got a bullish retest of the breakout (orange arrow).
Volume has been decent during this breakout.
The FIBs show a possible target around $7.50 if this breakout can hold above the orange… pic.twitter.com/brneNKconR
— Lark Davis (@TheCryptoLark) July 29, 2025
The current support band ranges between $3.94 and $4.01, where the token has been consolidating steadily. Charts show that buying interest has remained consistent as it tests support without losing trend structure. Technical strength has coincided with broader developments that could amplify price action.
Additionally, the SUI price is seeing strength from bullish volume trends following Davis’ outlook. The increased attention on technical indicators has aligned with renewed interest from retail and institutional participants. Market conditions appear to support continued upward price action in the short term.
Mill City Ventures Commits $450M to SUI Treasury Strategy
Mill City Ventures announced a $450 million private placement to acquire SUI tokens as its primary treasury reserve. The firm intends to allocate 98% of raised capital directly to token purchases through market and foundation-backed deals. This positions Mill City as the first publicly traded SUI treasury with institutional-grade structure.
The firm plans to integrate SUI exposure into a Nasdaq-listed format, offering retail and institutional investors direct access. Key backers include Electric Capital, Galaxy Digital, ParaFi, and Pantera Capital, signaling robust investor confidence. The SUI Foundation and Karatage Opportunities also participated significantly in the funding round.
Stephen Mackintosh, proposed CIO of Mill City, emphasized the token’s infrastructure, scalability, and suitability for institutional-grade workloads. Mill City aims to blend the innovation of crypto-native assets with traditional market accessibility. This dual approach may reinforce long-term interest in the token and its ecosystem.
DeFi Growth and Institutional Support Reinforce Bullish SUI Price Outlook
SUI’s decentralized finance metrics have strengthened its market appeal with a 400% increase in total value locked over the past year. The network recently achieved a record $2.2 billion TVL, underlining rising adoption. This growth has further supported the positive SUI price narrative among market participants.
The advancement of Canary’s SUI ETF application signals institutional readiness for broader adoption of the ecosystem. As more traditional entities explore the token, its visibility continues to grow. These developments contribute to a strong foundation supporting long-term SUI price growth.
Institutional and strategic investments have fueled optimism around SUI’s future trajectory in global markets. Combined with favorable technical conditions, investor backing is amplifying momentum.
