SUI Price Slides Toward $1 Despite Sui’s $30M AI Investment

Sui Foundation is investing $30 million in DATA Network to bring its AI training-data registry and token onto the Sui blockchain. However, SUI price fell more than 5% following the announcement, putting the $1 support level at risk. Sui Foundation has committed $30 million to DATA Network as part of an agreement to move the AI project’s infrastructure and token to Sui. The transition will also bring DATA Network’s applications and Trace registry onto the network. DATA Network helps companies identify data used to train artificial intelligence models.