Coinbry

  • Market Cap: $2,478,717,025,599.34
  • 24h Vol: $143,714,208,035.14
  • BTC Dominance: 51.80%
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.

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