The circulating supply of SUI tokens is set to increase by 15% by the end of 2023, causing concerns among traders about oversupply. Despite a sharp drop in price after its market debut, SUI has seen overall gains of nearly 1,200%. The project aims to become the first internet-scale programmable blockchain platform, with support from investors including Andreessen Horowitz and FTX Ventures.
– The circulating supply of SUI tokens is set to increase by 15% by the end of 2023, causing concerns among traders about oversupply.
– Despite a sharp drop in price after its market debut, SUI has seen overall gains of nearly 1,200%.
– The project aims to become the first internet-scale programmable blockchain platform, with support from investors including Andreessen Horowitz and FTX Ventures.