The SEC has made a groundbreaking move—the world’s first 2x leveraged SUI ETF has been approved and is directly listed on Nasdaq. As soon as the news broke, all kinds of opinions emerged. SUI is currently hovering around $1.6, with some people predicting $15, others shouting $50. Is this a real golden opportunity, or just another game of musical chairs?

Here are three key points you can’t ignore: regulatory barriers have been broken, giving traditional institutions a legitimate entry point; leveraged ETFs double capital efficiency and open up huge liquidity potential; SUI’s technical foundation is solid, its payment scenarios are expanding, and its ecosystem is making tangible progress.

But let’s be rational—going from $1.6 to $15, or even $50, how much capital would that actually require? ETFs can indeed bring long-term liquidity, but what happens after the initial hype? There are plenty of historical examples where “good news peaks at realization.” Maybe a pullback is when the true believers are separated from the rest.

This ETF card is a double-edged sword for SUI—if used well, it’s an accelerator; if not, it’s a magnifying glass. What happens next? The market will decide, but don’t let your emotions make the call for you.