Lark Davis Predicts $7.50 SUI Rally After $450M Investment from Mill City Ventures
Crypto analyst Lark Davis has forecasted a potential surge in SUI’s price to $7.50, following a major treasury announcement by Mill City Ventures III, Ltd., which committed $450 million toward building the largest publicly traded SUI treasury.
In a post on X, Davis pointed to SUI’s breakout above a key downtrend and accompanying volume spike as signs of bullish momentum. He noted that if the token remains above this level, Fibonacci projections support a climb to $7.50.
This bullish outlook is bolstered by broader market sentiment following Mill City’s announcement. The funding round attracted high-profile backers such as Pantera Capital, Galaxy Digital, ParaFi, Electric Capital, and Karatage Opportunities.
Beyond the treasury move, SUI’s DeFi ecosystem is booming—its total value locked (TVL) soared nearly 400% over the past year, reaching a record high of $2.2 billion. The momentum was further fueled by Canary’s SUI ETF application, reinforcing long-term interest.
As of now, SUI trades near $3.94, slightly below recent highs but maintaining strong support around the $3.94–$4.01 range. 
Mill City Ventures Bets Big on SUI
Mill City Ventures confirmed it secured $450 million via private placement, dedicating 98% of the funds to acquiring SUI tokens as its primary treasury asset. The goal is to blend the growth of Web3-native assets with the transparency and liquidity of a publicly traded firm.
Investors in the round included top-tier names like Electric Capital, ParaFi, Galaxy Digital, and the Sui Foundation. The fund plans to buy SUI from both the open market and through direct deals with the Foundation.
If successful, this would make Mill City the first public company to hold a SUI treasury backed by the ecosystem’s core team. The company aims to serve as a gateway for both retail and institutional investors to gain direct exposure to SUI via a Nasdaq-listed entity.
Stephen Mackintosh, the proposed CIO of Mill City, said the choice of SUI was driven by its institution-grade performance, AI-ready architecture, and decentralized design.
Mysten Labs co-founder Adeniyi Abiodun added, “The future is crypto, AI, and stablecoins—and SUI is built to scale for all three.”
