Grayscale Investments posted consecutive endorsements of Sui (SUI) this week, praising its programming model for institutional use while calling current altcoin prices a potential buying opportunity.
The asset manager highlighted SUI alongside Ethereum (ETH), Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) as tokens trading at historically low levels.
Why Grayscale Is Targeting SUI Now
Grayscale argues that financial institutions need speed, efficiency, and reliability, and highlights SUI’s programming model, built to preserve security while scaling performance.
It follows a recent post in which Grayscale Research called current altcoin levels a potentially attractive entry point.
Head of Research Zach Pandl expanded on the thesis in a separate report. He noted that the firm’s altcoin basket has fallen roughly 59% from its highs and gained only 2% from its lows since the January 2024 launch of the firm’s crypto ETP.
Pandl also pointed to relative strength in crypto markets during March. While the S&P 500 fell about 5%, the Grayscale Crypto Sectors Index rose about 4%.
Broader Institutional Context
Grayscale’s SUI conviction extends beyond research. The firm recently launched its GSUI staking ETF on NYSE Arca and also operates trusts for SUI ecosystem tokens DeepBook and Walrus.
That makes SUI one of Grayscale’s deepest single-ecosystem bets outside Bitcoin and Ethereum.
SUI Price Performance. Source: BeInCryptoSUI currently trades near $0.87, having dropped over 80% from its cycle peak above $5.36.
Whether Grayscale’s repeated backing helps establish a floor at these levels will depend on whether institutional capital follows the firm’s public thesis.
The post Grayscale Says 5 Altcoins Are at ‘Buy Zone’ Levels appeared first on BeInCrypto.
Source: https://beincrypto.com/grayscale-sui-altcoins-entry-point/
