SUI has emerged as one of the most eagerly awaited cryptocurrencies of late, and the anticipated listing frenzy has at last transpired. SUI has been listed on numerous cryptocurrency exchanges, including Binance, OKX, Huobi, Kucoin, and Gate.io. Trading at an average price of $1.39 upon listing, SUI currently boasts a total market capitalization of $600 million, with the entire locked supply valued at approximately $12 billion.
SUI Listed and Priced
What sale price should SUI investors target, according to experts? Tobby Kitty, a prominent figure within the cryptocurrency sector, noted in a post that he would not be “disheartened” if he were to sell at the $2 level. Additionally, Tobby posited that the $2.5 or $3 levels represent an optimistic scenario. In making these calculations, Tobby also insinuated that SUI and Aptos bear striking similarities, suggesting that a buy/sell strategy could be formulated using Aptos as a benchmark. In an earlier prediction shared by Tobby on April 22, he estimated SUI’s launch price to fall between $1.5 and $2.
At present, SUI has reached $2 on Binance and subsequently dipped to $1.5. Initially offered at $0.10, this average price demonstrates an increase of at least 15-fold. Should SUI attain the $10 level, it would represent a 100-fold appreciation from the initial sale price. With a total supply of 10,000,000,000,000, it is anticipated that SUI will initially release only 5.28% of the supply.
SUI Withdrawals Delayed
Concurrently, reports have surfaced of some exchanges encountering difficulties with SUI withdrawals or deposits. Mehmet Selim, a well-known figure in Turkey’s ecosystem, alleged that transfers from Kucoin to Binance proceeded smoothly, while withdrawals from Bybit encountered issues.
As of this writing, SUI has achieved a trading volume exceeding $74 million. Having been listed for a relatively brief period, SUI’s considerable interest may ensure it remains in the spotlight for some time. Significant price fluctuations, particularly on the first day, would not be unexpected.
