SUI Price Target of $7 Sparks Market Speculation, Lacking Confirmation from Leadership

Market speculation about SUI reaching a potential price target of $7 has intensified, fueled by community sentiment and optimism but without official confirmation. While the market anticipates growth driven by developer efforts and expanding DeFi applications, no significant funding announcements or statements regarding such targets have been released by Mysten Labs, the Sui blockchain’s developers. 100% official communication channels haven’t given concrete predictions, impacting market perception and potentially influencing trading activities. As of October 2025, the price of SUI currently trades around $3.59 with a market capitalization of approximately $32.57 billion. While traders are optimistic about reaching targets of $5-$7, these estimations remain speculative. Notably, there have been no major endorsements from key leadership, including CEO Evan Cheng, who has not publicly shared any price predictions on his social media channels. This lack of official statements adds to the uncertainty surrounding the target price and may even lead to short-lived volatility in the market, according to analysis.