Late at night refreshing X, I saw a bunch of people shouting “Sui is home.” Instead, I pinned my eyes on a harder line: the $SUI Foundation is using yield from stablecoins to quietly scoop up more.
Their public line is roughly this: by early September, the Foundation has repurchased more than 600,000 $SUI . The money isn’t being pried out of the treasury principal; it’s the interest earnings from the native stablecoin USDsui, converted into a continuous buy order— the bigger the floating yield, the thicker the buying firepower later. The on-chain share of stablecoins for USDsui is still rising, and that’s different from projects that only know how to PPT about buybacks. This is a closed loop of “stablecoin scale → yield → buy $SUI .” No matter how loud the on-chain noise gets, this mechanical bid won’t stop.
The market isn’t cold either. The order book has been churning around 0.81 for days. Above, the mid-term moving average around 0.85 is acting like a ceiling; below, around 0.77, is a defense zone a lot of people are watching. My own rhythm: buy in batches between 0.78 and 0.81. If we can’t hold 0.74, I’ll retreat first. I’ll see whether we can break and hold above 0.86; once it’s stable, I’ll target 0.93–1.02. Don’t max out your position in one go—watch the USDsui share and whether the buyback cadence is ramping up. If the volume thins out, reduce leverage first. What I’m playing is the buyback machine plus a breakout—don’t treat it like a slogan and go all-in.
Their public line is roughly this: by early September, the Foundation has repurchased more than 600,000 $SUI . The money isn’t being pried out of the treasury principal; it’s the interest earnings from the native stablecoin USDsui, converted into a continuous buy order— the bigger the floating yield, the thicker the buying firepower later. The on-chain share of stablecoins for USDsui is still rising, and that’s different from projects that only know how to PPT about buybacks. This is a closed loop of “stablecoin scale → yield → buy $SUI .” No matter how loud the on-chain noise gets, this mechanical bid won’t stop.
The market isn’t cold either. The order book has been churning around 0.81 for days. Above, the mid-term moving average around 0.85 is acting like a ceiling; below, around 0.77, is a defense zone a lot of people are watching. My own rhythm: buy in batches between 0.78 and 0.81. If we can’t hold 0.74, I’ll retreat first. I’ll see whether we can break and hold above 0.86; once it’s stable, I’ll target 0.93–1.02. Don’t max out your position in one go—watch the USDsui share and whether the buyback cadence is ramping up. If the volume thins out, reduce leverage first. What I’m playing is the buyback machine plus a breakout—don’t treat it like a slogan and go all-in.
