The altseason is just around the corner, and one name that is becoming prominent is SUI. SUI has managed to position itself as one of the frontrunners of the next altseason. Prominent crypto analyst Michael van de Poppe has backed this claim, believing the token is on a bullish outlook.
Poppe has been tracking SUI for a long time and has found that it broke its prevailing downtrend three times in the last few days. This suggests that the token is all primed for a comeback and a massive bullish run.
SUI Breakout
The most recent price breakout of SUI happened in May 2025. The token easily surged above the $2.30 mark to reach the $4.30 mark. However, it soon retraced back to the $3.20 mark. Therefore, it is reasonable to suggest that the token is responsive to market movements.
Poppe’s theory has also been complemented by CoinShares data that suggests that the token’s institutional investment value has been recorded at $1.1 million. Therefore, it is likely that SUI is on a positive price trajectory.
However, increasing demand for SUI also suggests that people are moving away from tokens like XRP. While this might be beneficial for SUI holders, it is certainly not good news for XRP holders.
Then again, rumors of an XRP-backed IPO are ripe in the air. Hence, there can be some positive price movement in the coming few years.
