TokenDices

  • Market Cap: $2,569,842,605,659.08
  • 24h Vol: $80,393,963,380.08
  • BTC Dominance: 50.82%
Excessive supply concerns lead to a 70% drop in SUI's market debut top price.

Excessive supply concerns lead to a 70% drop in SUI’s market debut top price.

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.