SUI Network Sees Whale Accumulation Ahead of Anticipated Gasless Upgrade

The SUI Network has been witnessing substantial accumulation of tokens by large-volume buyers, known as whales, in the $0.80 to $1.00 price range. This development has created a major macro support pocket, according to recent data from CryptoQuant.

Analysis suggests that these institutional-style buyers are using sideways price action to build positions without triggering a vertical market movement too early. The same price range aligns with compressed short-term moving averages, reinforcing the idea that SUI has established a structurally important demand zone.

The network's ecosystem growth is also expanding rapidly, with Ledger reporting a 21.75% jump in trading volume activity within its wallet ecosystem. Tokenized real-world asset activity has exploded, with users trading over $200 million in tokenized TradFi assets through Astros AG just seven days after launch.