After crashing nearly 70% from its January high of $5.30 down to $1.70 in April, SUI managed a strong comeback. The price doubled, going from around $1.70 to $3.40. That bounce came as Bitcoin also began moving higher, lifting many altcoins with it.
Right now, SUI is taking a breather. For the past few days, the price has been moving sideways as Bitcoin also cools off. But there’s a big event coming in May that could shake things up. About 500 million SUI tokens are set to be unlocked this month, a 21.7% increase in circulating supply.
On top of that, whale wallets have started moving large amounts of SUI to exchanges. That usually hints at possible selling pressure. With so much happening, we wanted to get a clearer picture. So we asked ChatGPT to give us a few predictions for SUI price in May.
What you'll learn 👉
Pessimistic Scenario: SUI Drops to $2.10 – $2.50
If the token unlock floods the market and whales begin offloading their holdings, SUI could lose steam quickly. The added supply, combined with bearish sentiment, might drag the price down to the $2.10–$2.50 range, erasing much of April’s gains.
Bitcoin’s price also matters here. If BTC drops below $90,000, altcoins could face even more pressure. And since SUI has recently been moving in sync with Bitcoin, a downturn in BTC could accelerate the drop.
Realistic Scenario: SUI Holds Between $2.80 and $3.30
If the unlock is absorbed gradually and there’s no panic selling, SUI could stay relatively stable in May. The price already showed strength by doubling in April, and unless whales start dumping heavily, it could hold its ground.
With Bitcoin trading around $95,000, and if it stays in the $90K–$95K zone, SUI could hover between $2.80 and $3.30. Buyers and sellers would likely cancel each other out, leading to a month of consolidation.
This scenario assumes a balanced market, where news about the unlock doesn’t trigger extreme reactions.
Optimistic Scenario: SUI Pushes to $3.80 – $4.50
If Bitcoin breaks above $100,000, and altcoin momentum returns, SUI could benefit from a renewed wave of investor interest.
In this bullish scenario, the token unlock could have the opposite effect of what many expect. If whales don’t sell and instead hold or restake, and the fear around the unlock fades, it might trigger a “sell the rumor, buy the news” bounce.
Add to that any positive updates from the SUI ecosystem, such as new integrations or partnerships, and the price could push toward the $3.80 to $4.50 range, or even start working its way back to January’s high of $5.30.
Read Also: Pi Coin Price Prediction for Today (May 1)
Final Thoughts on SUI Price in May
At the time of this post, SUI is trading around $3.40.
May could go in any direction: calm consolidation, a pullback from sell pressure, or another leg up if the stars align. The biggest factors will be how the market absorbs the token unlock and whether Bitcoin holds above key levels.
SUI has already shown it can rebound fast. The question now is: can it hold steady or will the weight of new supply bring it down before the next leg up?
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