Key highlights:
SUI has found itself in an unusual position. Sui has rolled out one of the biggest infrastructure upgrades in its history, yet the token continues moving lower. Trading near $0.74, the SUI price remains about 95% below its peak near $15.00, showing the market is still far from rewarding the network’s latest progress.
Crypto analyst Benji summed up the situation well. The Hashi testnet launched with more than 25 institutional partners, native Bitcoin collateral, deposits already processing, and a three-year commitment from Wave Digital. Even with those developments, the SUI price fell roughly 5% over the same period.
The SUI price still needs to break the bearish trend
Benji admitted he expected support to hold before the price broke lower. His main reason for becoming cautious was the continued decline in stablecoin liquidity, which never confirmed a stronger recovery.
We had a look at the weekly Sui chart, and the long-term structure still favors sellers. The SUI price has dropped from approximately $15.00 to around $0.7427, losing about 95% of its value from the peak.
$SUI shipped the biggest piece of infrastructure in its history this week.
The token is down 5% today.
Hashi testnet went live Tuesday native Bitcoin collateral, 25+ institutional partners, deposits already processing. Wave Digital signed a 3-year commitment. That is not a… pic.twitter.com/WGYJL8OoAh
— Benji (@benjamin_woods) July 24, 2026
The first resistance remains $1.00. Beyond that, buyers would need to reclaim $2.00 and $3.00 before the longer-term picture begins improving. On the downside, support sits near $0.7427, with the next major level around $0.3756 if selling continues.
Hashi is easily one of Sui’s biggest infrastructure upgrades. The Bitcoin-focused testnet introduces native Bitcoin collateral, supports more than 25 institutional partners, and already has deposits processing.
Even with those developments, liquidity continues moving the opposite direction. Benji noted that stablecoin supply has fallen 6.8% over the past week, extending a two-week decline. That means capital continued leaving the ecosystem during one of its biggest product launches.
Coinbase makes SUI staking easier
Coinbase launched SUI staking on July 22, allowing eligible users to stake directly from their exchange accounts. Users can begin with as little as 1 SUI, with estimated annual rewards ranging from 1.4% to 3.3%.
The new service removes much of the technical setup involved with staking directly through wallets and validators, giving more users access to network rewards. The numbers also remind investors that staking income has limits.
Network data shows about 71.14% of the circulating SUI supply is already staked, placing Sui among the most heavily staked proof-of-stake networks. Even so, the realized reward rate sits around -1.07%, and SUI’s 365-day total return is roughly -74.64%. That shows price losses have outweighed staking rewards over the past year.
What comes next for the SUI price?
The SUI price still has work to do before buyers regain control. Coinbase staking makes participation easier, and Hashi gives Sui another major piece of infrastructure with institutional backing.
The next move may depend less on product launches and more on whether fresh capital begins returning to the ecosystem. If liquidity starts improving alongside these new upgrades, the SUI price could finally have the support needed for a stronger recovery.
CoinCodex’s 1-month SUI price prediction places the price at $0.5575, indicating downside risk from current levels unless buyers reclaim the $1.00 resistance zone and begin reversing the broader downtrend.
Source:: Sui Price Prediction: Coinbase Staking Is Live, So Why Is the SUI Price Still Falling?