SUI just bounced back hard. Over the last seven days, it’s up over 22%. The whole crypto market had a good week, up about 10%, and Bitcoin finally pushed past $75,000 again. That helped, sure. But SUI did more than just tag along.
In the last day alone, the SUI price climbed another 3.86%. Right now, it’s trading around $0.823. Bitcoin barely moved in that same time. So something else is going on with SUI.
Yet a major concern has emerged for the Sui ecosystem. Phantom will end SUI support on September 24, only 20 months after adding the network, as Sui’s TVL has fallen from $2.58 billion to $469 million. So, where could the SUI price go next?
What you'll learn 👉
SUI Price Faces Phantom Support Exit as TVL Falls 82%
Coin Bureau reports that Phantom will stop supporting Sui on September 24. The timing is notable because Sui’s TVL has dropped about 82% from its October 2025 peak of $2.58 billion to $469 million. #
NEW: Phantom ends SUI support on Sept. 24, just 20 months after adding it, as Sui’s TVL falls -82% from its October 2025 peak.
— Coin Bureau (@coinbureau) August 24, 2026
Phantom users will need to move their $SUI to another compatible wallet or swap it into a supported asset before the deadline.
Sui’s TVL has fallen… pic.twitter.com/q8Ejndzx6d
Sui had previously reached more than $2.6 billion in TVL in October 2025. The decline raises questions about capital locked across Sui’s DeFi ecosystem, although it does not mean SUI holders lose their tokens.
The Whale Factor post takes a more bearish view, arguing that a wallet removing a chain can be interpreted as evidence of weaker liquidity and activity. That conclusion should be treated cautiously.
Phantom ending support does not erase the Sui blockchain, and the network still has active users and applications. The key issue for the SUI price is whether the recent activity can translate into sustained liquidity and demand.
What Phantom Ending SUI Support Means for Holders
Crypto Patel explains the practical impact. After September 24, SUI assets will no longer be viewable, sent or swapped through Phantom.
🚨 $SUI HOLDERS: PHANTOM IS CUTTING SUPPORT – HERE’S WHAT HAPPENS NEXT
— Crypto Patel (@CryptoPatel) August 24, 2026
Phantom will end @SuiNetwork support on September 24, 2026, after a mutual decision between Phantom and Sui. If you hold #SUI on Phantom, this is a date you should know.
What Changes:
After September 24, SUI… pic.twitter.com/IMZu8phTRv
The funds remain on the Sui blockchain because Phantom is self-custodial. Holders can either swap SUI into wrapped SUI on Solana or assets such as SOL, ETH and USDC, or import their recovery phrase into a compatible Sui wallet such as Slush, Sui Wallet or Suiet.
Phantom has also warned that it will never ask users for a recovery phrase or private key. That matters because the transition creates an opportunity for fake migration services and phishing accounts.
SUI Network Activity Gives the Price a Bullish Counterpoint
There is a major data point working against the bearish narrative. Sui active addresses jumped 250% in one week, from 66,886 to 231,272 on August 24.
Sui has also processed more than 4.5 billion cumulative transactions, showing that network usage extends beyond the TVL figure.
A centralized exchange Earn product has also introduced SUI staking access, giving users another way to earn staking rewards without managing validators directly.
Related SUI News: $5,000 in SUI Today: Here’s What It Could Be Worth By Next Cycle High
What Is the SUI Chart Showing?
We had a look at the chart, and the bigger trend remains bearish after a long decline from above $4 to below $1. The latest move, however, has pushed SUI from the $0.65 – $0.70 region toward $0.83, creating a possible breakout attempt.
The latest daily candle opened at $0.8501, reached $0.8506, fell to $0.8152 and closed around $0.8256. The $0.85 area is therefore the first resistance to watch. A clean move above it could open the door toward $1.00.
Momentum indicators are supportive but not overheated. The Ultimate Oscillator reads 56.88, above the 50 midpoint, and the Stochastic stands near 59.73 and 61.15. That leaves room for another move higher before the indicator reaches extreme territory.
Where Will the SUI Price Go Next?
Bullish path:
If SUI breaks $0.85 and then clears $1.00 with strong volume, the SUI price could target $1.20 – $1.40. Strong active-address growth would strengthen this case.
Base path:
If Phantom-related selling pressure offsets the network activity data, SUI could remain between $0.75 and $0.95 as traders wait for clearer liquidity signals.
Bearish path:
Losing $0.75 would weaken the breakout structure. In that case, the Sui price could revisit $0.65 – $0.70, especially if TVL continues falling and broader crypto momentum weakens.
Frequently Asked Questions
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
