Rumor of $10 SUI Token Price Unfounded: No Evidence Indicates Institutional Purchase

A recent rumor sparked speculation about a significant acquisition of SUI tokens, claiming a Nasdaq-listed entity called ‘SUI Group’ bought 20 million tokens. However, these claims remain unconfirmed and unsupported by key players like the Sui Foundation. No official announcements or statements have been made by either the Sui Foundation or its leaders Evan Cheng and Sam Blackshear regarding this alleged purchase. 2025 price predictions for SUI have also been disputed as there is currently no evidence of substantial institutional involvement driving the price up.