Sui (SUI) Price: Raoul Pal’s $22 Target Faces Reality Check
Sui (SUI) price increased over 4% in 24 hours despite the broader crypto market decline. $119 million worth of SUI tokens will be unlocked next week, representing 56% of all scheduled unlocks. The unlock represents just 1.16% of SUI’s circulating supply, potentially limiting the price impact. Raoul Pal projects that SUI could reach $22 if it matches Solana’s market cap, although its recent performance lags behind SOL. Sui’s DEX volume dropped 50% in June to $7 billion after peaking at $14 billion in May.
CoinGecko noted that if SUI reached Solana’s market cap of $77 billion, the token could be valued at $22.90. The SUI/SOL ratio indicates SUI trailing behind its primary competitor in recent months. In late April, SUI surpassed Solana by 56%. The relatively small percentage of circulating supply being unlocked may limit downward pressure.
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