The SUI token is a prominent digital asset in the blockchain space, known for its innovative technology and growing ecosystem. This article provides a comprehensive overview of SUI's current market performance, key metrics, and practical information for interested observers and potential investors.
Current SUI Market Performance
As of the latest data, the live SUI price is $2.93. The 24-hour trading volume stands at approximately $21.27 million. Over the past day, the token's value has decreased by 4.89%, while it has seen a positive movement of +9.91% over the last week.
The current circulating supply of SUI is 3.46 billion tokens. With this supply and the current price, the market capitalization reaches $10.15 billion. The token's market cap ranking among all cryptocurrencies is regularly updated on major tracking platforms.
Recent Price Trends
SUI's price action shows varied performance across different timeframes:
- 24-hour change: -4.62% ($-0.1421)
- 7-day change: +11.98% ($+0.3141)
- 30-day change: -9.55% ($-0.3099)
- 90-day change: -13.90% ($-0.4738)
These fluctuations reflect the dynamic nature of the digital asset market, influenced by broader crypto market trends, project developments, and overall investor sentiment.
Key SUI Token Metrics
Understanding fundamental metrics is crucial for assessing any cryptocurrency's position in the market.
Supply Distribution
SUI has a maximum supply of 10 billion tokens. The current circulating supply represents the portion of this total that is publicly available and trading on the market. The difference between circulating and maximum supply typically includes tokens allocated for future releases, such as ecosystem development, team incentives, or strategic reserves.
Market Capitalization
Market capitalization, often called market cap, is calculated by multiplying the current circulating supply by the latest market price. SUI's market cap of $10.15 billion indicates its relative size within the cryptocurrency landscape. This metric helps investors compare the token's valuation against other digital assets.
Historical Price Extremes
SUI reached its all-time high price of $5.35, which means the current price is approximately 45.19% below this peak. Conversely, the token's all-time low was $0.3643, representing a significant increase of over 705% from that bottom. These figures highlight both the volatility and growth potential inherent in emerging blockchain projects.
Global Price Conversions
The value of SUI can be expressed against various global currencies, providing context for international investors:
- 1 SUI = €2.49 (Euros)
- 1 SUI = £2.14 (British Pounds)
- 1 SUI = ¥423.5 (Japanese Yen)
- 1 SUI = C$3.98 (Canadian Dollars)
- 1 SUI = A$4.47 (Australian Dollars)
- 1 SUI = ₩4,004.03 (South Korean Won)
- 1 SUI = ₨250.63 (Indian Rupees)
- 1 SUI = Rp47,496.71 (Indonesian Rupiah)
- 1 SUI = ₽231.33 (Russian Rubles)
These conversions fluctuate continuously based on both SUI's market price and foreign exchange rates.
SUI Ecosystem and Resources
The SUI network is supported by a robust technological infrastructure and development ecosystem. The project maintains official documentation and several blockchain explorers that allow users to verify transactions, check network status, and explore on-chain data.
While specific audit information wasn't provided in the source material, reputable blockchain projects typically undergo regular security audits by independent firms to ensure network integrity and smart contract security.
Investment Backing
SUI has attracted significant support from prominent venture capital firms and investors in the blockchain space. Backers include established names like a16z (Andreessen Horowitz), Coinbase Ventures, Binance Labs, Electric Capital, and Samsung Next, among others. This level of institutional support often indicates confidence in the project's technology and long-term vision.
Storing SUI Tokens
Security is paramount when managing digital assets. SUI tokens can be stored in several ways, each with different security considerations:
- Exchange Wallets: Many users keep their SUI on reputable trading platforms for convenience, though this approach trusts the exchange with security.
- Self-Custody Wallets: Software wallets (web, mobile, or desktop) give users full control over their private keys and tokens.
- Hardware Wallets: These physical devices offer enhanced security by keeping private keys offline while allowing transactions.
- Paper Wallets: For long-term storage, some investors use paper wallets, which involve printing or writing down private keys for offline safekeeping.
Each storage method balances convenience against security, and users should choose based on their technical comfort and investment strategy. For those looking to explore more strategies for secure asset management, various educational resources are available.
Frequently Asked Questions
What factors influence the price of SUI?
SUI's price is primarily driven by market supply and demand dynamics, broader cryptocurrency market trends, developments within the SUI ecosystem, investor sentiment, and overall adoption of the network. Technological upgrades and partnership announcements can also significantly impact price movements.
How is SUI's market capitalization calculated?
Market capitalization is determined by multiplying the current circulating supply of SUI tokens by the real-time market price of a single token. This figure represents the total theoretical value of all circulating SUI tokens at current market prices.
What does circulating supply mean for SUI?
Circulating supply refers to the number of SUI tokens that are publicly available and actively trading on the market. It excludes tokens that are locked, reserved for team members, or scheduled for future release according to the project's tokenomics plan.
Where can I find reliable information about SUI network activity?
The SUI ecosystem provides several blockchain explorers that offer real-time data on transactions, network operations, and smart contract interactions. These tools are essential for verifying activity on the decentralized network.
What's the difference between storing SUI on an exchange versus a personal wallet?
Exchange storage offers convenience for active trading but means the exchange controls your private keys. Personal wallets (software or hardware) give you full control and responsibility for securing your assets, which is generally considered more secure for long-term holdings.
How can I convert SUI to traditional currencies?
You can use cryptocurrency exchanges that support SUI trading pairs with fiat currencies or stablecoins. Many platforms offer calculator tools to view real-time tools for conversion rate estimation before executing trades.