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cryptorank.ioSEP 11 min read$SUI-USD

Phantom Ends Sui Support: Will Sept. 24 Drive SUI Selling Pressure?

Phantom will end support for the Sui network on September 24, 2026, requiring users to move or sell SUI. SUI has gained 3% in 24 hours, despite an 82% drop in Sui's total value locked (TVL) from its 2025 peak. Phantom assures users will retain control of their SUI assets.

Original reporting
cryptorank.io
Published Sep 1, 2026, 1:35 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 1, 2026, 4:05 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Phantom Ends Sui Support: Will Sept. 24 Drive SUI Selling Pressure? — source image
Source · cryptorank.io
Decision brief

The 30-second read

$SUI-USDBearishMed
01

Why it matters

The announcement may accelerate SUI outflows and depress price ahead of the Sep 24 deadline.

02

Market read

A direct usability change for SUI holders that could trigger short‑term selling pressure.

03

What to watch

Potential upcoming network upgrades or partnerships could offset the loss of Phantom support.

Relevance 6/10Novelty 7/10Timing: Sept. 24 cutoff

Background

Phantom is a popular non‑custodial wallet; its removal of Sui support reduces accessibility for users.

Company-level read

Ticker impact

$SUI-USDBearishMedium confidence
Context

Phantom will stop supporting the Sui network on Sept. 24, forcing holders to move or sell SUI.

Expected impact

Potential short-term dip of 5‑10% ahead of the Sep 24 cutoff.

Evidence & confidence

Wallet support is a key usability factor; loss of a major wallet often leads to price declines, especially with already low TVL.

Market effects

Sector

May pressure other Sui ecosystem projects and related DeFi tokens.

Regional

Primarily affects US and global crypto traders holding SUI.

Global

Limited to the SUI token market; no broader crypto market shift expected.

Counterpoint

What could challenge this read

If SUI price holds, it could indicate strong community resilience and attract new wallet integrations.

Key entities

  • Wallet Provider
    Phantom

    Non‑custodial crypto wallet ending support for Sui.

  • Blockchain Network
    Sui

    Layer‑1 protocol whose token (SUI) is affected.

Read at source← All news

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