SUI Network Sees Whale Accumulation Ahead of Gasless Upgrade

SUI Network has been making waves in the cryptocurrency market, with large-volume buyers quietly accumulating SUI tokens in the $0.80 to $1.00 range. This strategic accumulation by whales has created a strong macro support level for the project, according to CryptoQuant data.

The Spot Average Order Size data indicates heavy institutional-style accumulation within the $0.90–$1.00 range. Instead of chasing price pumps, larger players are taking advantage of sideways price action to build their positions gradually. This range coincides with compressed short-term moving averages, highlighting the significance of this demand zone.

On top of this, the SUI ecosystem is experiencing rapid growth. Ledger has reported SUI as one of its top trending assets, with a significant increase in trading volume activity within the wallet ecosystem. Additionally, tokenized real-world asset activity has surged, with users trading over $200 million in tokenized traditional financial assets through Astros AG in just seven days.

Stablecoin liquidity within the SUI network is also deepening, with CurrentSUI seeing $8.89 million in natively backed supply and a 72% utilization rate. The network is gearing up for a highly anticipated upgrade – gasless transfers.

Gasless transfers will eliminate the need for users to hold native tokens to complete transactions, reducing friction for mainstream users. This infrastructure shift is expected to attract institutional players early on, given the strong fundamentals of SUI including whale accumulation, ecosystem growth, and the upcoming gasless upgrade.

Overall, SUI Network is positioning itself as a key player in the Layer-1 network space, attracting attention from both retail and institutional traders. With a solid foundation and exciting developments on the horizon, SUI is definitely a project to keep an eye on in the ever-evolving cryptocurrency market.