The post Grayscale’s Latest Move Could Send SUI Price Soaring? appeared on BitcoinEthereumNews.com.

Grayscale has expanded its crypto investment lineup with the launch of two single-asset trusts tied to protocols native to the Sui blockchain. The new Grayscale DeepBook Trust and Grayscale Walrus Trust provide accredited investors with direct exposure to DEEP and WAL tokens, respectively.  Both tokens represent core infrastructure within the Sui network, with DeepBook acting as a central limit order book for decentralized finance applications and Walrus offering a scalable and privacy-focused onchain data layer. The move comes alongside Grayscale’s existing trust for the SUI token itself, signaling an increased commitment to the Sui ecosystem.  According to Mysten Labs co-founder Adeniyi Abiodun, the launch marks a “seminal moment” for Sui, positioning these protocols as critical pillars for blockchain adoption. While the trusts are not yet approved for secondary market trading, they open daily subscription opportunities for eligible investors, potentially boosting visibility and liquidity in the Sui ecosystem. Apart from this, US CPI came in at 2.7%, fueling optimism for a September rate cut. Bitcoin is eyeing the $125K mark, altcoins are gearing up for potential rallies, and this broader market optimism could also give SUI’s price a lift. SUI Price Prediction: Why This Matters for SUI Token? Although the trusts directly target DEEP and WAL, the ripple effect could benefit SUI. Infrastructure projects like DeepBook and Walrus strengthen the utility and network effects of the Sui blockchain, which can increase demand for the native token. In past market cycles, heightened investor interest in a blockchain’s ecosystem often correlates with increased trading volume and price appreciation for its main asset. That said, Grayscale has also highlighted the risks. Both protocols are still relatively new, with potential for high volatility and technical uncertainties. This means while sentiment could turn bullish, price swings may be sharp, and any rally could face profit-taking pressure.…

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Filed under: News - @ August 12, 2025 3:27 pm