SUI Price Target Raised to $7.5 After Mill City’s $450M Treasury Push

Mill City Ventures committed $450 million to acquire SUI, establishing the largest publicly traded treasury of the token.

Lark Davis forecasted a $7.5 price target for SUI after a key breakout with rising trading volume confirmation.

SUI’s DeFi ecosystem surged 400% in total value locked, reaching $2.2 billion amid rising institutional interest.

Crypto analyst Lark Davis has projected a $7.5 price target for SUI, following a strong breakout above a key technical resistance. This forecast came as trading volumes surged, reflecting growing investor interest. The uptrend aligns with Mill City Ventures’ announcement to allocate $450 million toward building the largest publicly traded SUI token treasury.

According to Davis, the SUI token has moved past a downward trendline that previously limited gains. The breakout occurred alongside increasing trading volumes, which technical analysts view as a confirmation of price strength. Davis indicated that maintaining this level could allow SUI to meet projected Fibonacci extensions, pointing to a $7.5 price.

Mill City Confirms Largest SUI Treasury Investment

Mill City Ventures revealed its $450 million capital raise through a private offering. It will deploy 98% of this amount to acquire SUI tokens. These purchases will take place on open markets and through direct agreements with the Sui Foundation. This strategy positions Mill City as the first publicly traded entity with such significant SUI exposure.

Source: X

The funding round drew interest from major firms, including Galaxy Digital, Electric Capital, ParaFi, and Pantera Capital. London-based Karatage Opportunities and the Sui Foundation also made large commitments. This collective backing indicates rising institutional confidence in SUI’s long-term infrastructure.

SUI Ecosystem Growth Supports Positive Sentiment

The network’s DeFi metrics continue to rise, reinforcing bullish sentiment. Over the past year, SUI’s total value locked rose nearly 400%, reaching $2.2 billion. Additionally, the progress of Canary’s SUI ETF application further demonstrates institutional interest in the asset.

At the time of reporting, SUI trades near $3.94, consolidating after reaching recent highs. Analysts note that the current support zone lies between $3.94 and $4.01, acting as a stabilizing region before any next move.

Mill City’s strategy could pave the way for wider investor access to SUI via traditional equity markets. By combining digital assets with a publicly traded structure, the firm aims to offer daily liquidity while supporting the broader SUI ecosystem.

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