Sui Network News: Buybacks Hits 600K as SUI Token Price Targets $1.6

Sui Network Buyback News: Sui Foundation Accumulates Over 609K Tokens Sui Network news this week centers on a fundamental milestone: the Sui Foundation has pushed its year-to-date buybacks past 609,800 SUI. The update, which comes from a supply-side accumulation program funded by on-chain yield, arrives at a moment when SUI's chart is stuck in a tight range between two major moving averages. The open question for holders is whether this steady, yield-funded buying can eventually tip the scales toward a recovery that targets $1.05 and beyond, or whether technical resistance keeps the token pinned down. This piece walks through the numbers, the funding mechanism, and the price levels worth watching next. At a Glance Sui Foundation's year-to-date buybacks have now topped 609,800 SUI. The latest single-day purchase added 8,000 SUI on September 5, 2026. The buyback treasury is currently valued at roughly $490,000. The program runs on native stablecoin yield, not new capital raises. SUI is trading between its 50-day EMA (~$0.7455) and 200-day EMA (~$0.9650). A breakout above $0.9650 could open a path toward $1.05 and $1.6009. A drop below $0.7455 risks exposing the June support near $0.6615. Source: Coingecko Data Sui Foundation Buybacks Surpass 609,800 SUI Crossing the 600,000 SUI threshold marks a meaningful checkpoint for the Foundation's ongoing accumulation effort. Rather than relying on private placements or new token issuance, the program has been quietly reclaiming supply directly from the open market. The most recent addition came on September 5, when the Foundation picked up another 8,000 SUI in a single day. Based on current figures, the accumulated treasury now sits at approximately $490,000 in value. How Is the SUI Buyback Program Funded? What sets this effort apart is its funding source. Instead of tapping fresh capital or diluting existing holders, the Sui Foundation is reportedly financing every purchase through yield generated by native stablecoins already circulating on-chain. In simple terms, the program is self-sustaining: returns generated within the ecosystem are being recycled to buy back and effectively retire circulating tokens. This approach avoids the dilution risk tied to traditional funding rounds. Reducing circulating supply can create a more favorable backdrop for price, but it is not, on its own, a guarantee of appreciation. Source: BSCNews X Post SUI Price Remains Trapped Between Key EMA Levels Technically, SUI is boxed in. The 50-day exponential moving average sits near $0.7455, acting as short-term support, while the 200-day EMA near $0.9650 continues to cap upside attempts. This band represents the tug-of-war between lingering longer-term bearish pressure and the possibility of a fresh recovery. For the trend to shift meaningfully, buyers need to step in with enough conviction to push price convincingly through the upper band. Can SUI Price Reach $1.05 and $1.60?