SUI, IP, & BONK in Focus as Corporations Move for Altcoin Treasuries

Key Insights:

• Corporations adopt SUI, IP, and BONK as part of growing altcoin treasury strategies.
• IP falls 17% to $5.66 after breaking below a broadening ascending wedge.
• BONK could rally toward $0.000030 if support holds, or drop to $0.000019 if lost.

A growing number of publicly traded companies are adopting altcoin treasuries, positioning digital tokens alongside traditional reserves. SUI, IP, and BONK have emerged as key assets in these strategies, with each tied to distinct blockchain ecosystems and growth plans.

For instance, Mill City Ventures (MCVT) has built one of the largest corporate SUI holdings, reporting 81,871,794 tokens as of August 10, 2025. Valued at $316 million at $3.85 per token, the stake has grown by purchasing 5.6 million additional SUI at $3.65 each.

The company’s per-share holding stands at 0.92 SUI, worth $3.54. Nearly all tokens are staked, generating an estimated 3% yield and producing about $26,000 daily. Based on current trading levels, its market-to-NAV ratio sits at 1.15x.

Heritage and Safety Shot Expand Blockchain Reserves in $IP and BONK

Heritage Distilling has taken a different path, securing a $220 million deal to build a reserve in $IP, the native token of the Story blockchain. The arrangement includes $100 million in cash and $120 million in $IP tokens, acquired at a fixed $3.40 price.

Upon closing, Heritage will possess approximately 52.5 million tokens worth roughly $361 million. All cash received upon sale will be used by the Story Foundation to repurchase $IP on the open market within 90 days, to enhance its ecosystem. CEO Justin Stiefel described $IP as a strategic reserve asset that is in line with the development of the AI and intellectual property markets.

Safety Shot, Inc., on the other hand, has resorted to BONK, where it has acquired tokens worth $25 million from its founding contributors against issuing $35 million worth of preferred shares. BONK, built on Solana, offers fast, low-cost transactions and a deflationary burn mechanism that removes supply over time.

It has a market cap of over 2 billion dollars and has close to one million on-chain users. As a result, CEO Jarrett Boon recognized the collaboration as an initial step toward uniting the company operations with a high-growth digital asset ecosystem.

Market Update: SUI, IP, BONK Trade Within Ranges as Bulls & Bears Position

According to CoinMarketCap’s data, SUI slipped to $3.66 in the past 24 hours, erasing about 7% after failing to hold near the $4.00 level over the weekend. The decline comes as the token formed a lower high but still retains an overall bullish tone on higher timeframes, with weekly and monthly gains of 4.32% and over 7% respectively.

On the daily chart, SUI is still in an ascending triangle pattern, implying an eventual upside breakout should key levels remain unviolated. The bullish trendline intersects the 0.236 Fibonacci retracement at $3.54, making this zone a critical support range.

A decline beneath it could open the door toward the $3.26 level. While deeper declines threaten a transition to a bearish trend. The RSI at 50 indicates a neutral market sentiment. With room for further buying pressure before getting into the overbought levels.

On the same note, IP, the native Story token, experienced larger losses. Dropping 17% to $5.66 during the same period and increasing its weekly loss to 6.31%. This decline was preceded by a break below its broadening ascending wedge formation. With the area of $5.03-$5.00 emerging as a key support area.

Once a resistance, this floor might form a recovery basis when defended. A rebound here can establish a swing back to the recent peak of $7.00. Besides, volume readings remain lower compared to the heavy activity seen during the token’s rally. Suggesting the decline could be a regulated pullback in its larger monthly uptrend. Which is still up almost 30%.

On the other hand, BONK remains in a range of $0.000025 to $0.000023. Which has previously been a resistance level but has now turned into a support level. A break below this band may see a retest of the 0.382. Fibonacci retracement level of $0.000022 or even the $0.000019 level.

This ideology is supported by the RSI at 43, with a 14-day moving average of 45.42, which implies that. There is still potential in the downside direction before oversold conditions are reached. Nevertheless, should the present support be maintained. BONK may consider a recovery toward the $0.000030 level. Indicating a resurgence of bullish forces.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss. That may occur from investing in or trading. Please do your research before making any financial decisions.