Although the crypto market has been washed for more than half a year now, everyone is exhausted; although the narrative in the circle has dried up, although VC coins have become ignored and are supported by MEME coins.

A big problem in this round is that "there is no narrative that can guide the inflow and transfer of liquidity like in the previous round", and liquidity is the key to asset pricing. If the narrative cannot guide liquidity, it will be difficult to hype assets. Everyone is hyping memes and paying attention to memes. As long as there is some movement, related memes will quickly appear. But meme narratives are also the easiest to make investors tired, and ultimately a mess.

But if you are the original capital of the cryptocurrency circle, in the current global competition for liquidity, the only way to break out of the circle is to copy it, and it must be a copy that can make people rich and create myths. #sui链

Market hype is generally divided into two modes. One is the brewing, emergence and outbreak of innovation. This innovation may be a fun Ponzi, or it may be a narrative that largely meets market demand. The other is an artificial narrative, which generally pushes a leading token to an independent market, such as SUI. #加密市场反弹

SUI price rises 115% in 30 days

Sui (SUI) price continued to rise on October 4, up 115% in the past 30 days. SUI rose from a low of $0.742 on September 2 to $2, approaching its all-time high of $2.18.

In comparison, the total crypto market capitalization has increased by 4.4% over the past month, while Bitcoin has risen by 7.3%. SUI has become the second-highest gainer in the top 100 cryptocurrencies in 30 days. $SUI

The SUI network has seen a surge in activity, with transaction volume reaching $198.7 million on October 3, a 661% increase from $26.1 million on September 4. According to SuiScan data, total network transaction volume increased by 16.7 million in the past 24 hours to 2.02 billion.

SUI public chain ecosystem meme performance is strong

Data shows that the total market value of Meme coins on the SUI blockchain rose 15% in 24 hours on October 4 to $256.3 million.

Among them, Aaa cat (AAA) has risen 430% in the past seven days, Suiba Inu (SUIB) has risen 108%. The largest SUI based meme coin Sudeng (HIPPO) has risen 35% on the day, reaching a market value of $126.4 million.

1. New leading token HIPPO

HIPPO is an emerging token that has been rising wildly throughout the month, inspired by the famous Thai hippo Moo Deng. In order to spread the message of wildlife protection, the project is managed by the community and promises to deduct a portion of the proceeds to support global conservation activities, starting with donations to the zoo where Moo Deng lives. The current market value is the highest in the entire SUI meme, with a current market value of 110M.

Interestingly, according to monitoring by The Data Nerd, a trader bought 1.8 billion HIPPO with 258 SUI (about $433) 5 days ago.

Just one day later, he sold all his HIPPOs and received 6,299 SUIs (about $11,000). Regards, it’s a pity, after all, if he had held on to them until now, the value of these HIPPOs would have reached $25.84 million.

2. BLUB

Every time the SUI dealer pulls the cart, he is very strong. He does not follow the market at all and wants to create his own ecological bull market. BLUB appeared very early and was released in late June this year. The background is a dirty fish in the SUI ocean. The current market value is 60M, and the pool is very large.

As a very popular meme project in Sui Ecosystem, it was created in early September. Like a new star rising in the sky of Sui Ecosystem, it has developed very fast. So far, its market value has exceeded 40 million US dollars, becoming the first among the meme projects in Sui Ecosystem. Its success lies in the fact that it cleverly combines the core culture of Pepe and the water characteristics of Sui Ecosystem. This unique creativity has attracted the attention of many users.

3. DURATION

This project is also very unique. It is an airdrop issued to the Sui NFT community in December 2023. It was born out of considerations of fairness in Sui OG community rewards, so it has no team share or pre-investment share, which is relatively rare in many projects.

It has been integrated into multiple Sui ecosystem DeFi and GameFi projects, with a current market value of 76M

4. AAA

Today's performance is as strong as ever, with the market value reaching a high of 20 million US dollars; the trend of this meme is like climbing stairs. There are several characteristics for choosing this project:

  • has a strong overseas community;

  • Official and developer certification and endorsement from SUI

  • Strong meme attributes, simple and direct

  • In the early days, almost no domestic users were interested in it, and there were very few KOLs in the Chinese area, so you know.

5. PLOP

After Tron, BSC, and Cardano, now SUI has joined the fray! PLOP just hit $13 million and it’s on its way to becoming the hottest meme on the chain. The whole mascot story is awesome! Fun fact: “Sui” means water in Chinese, and the mascot looks like a drop of water

6. LIQ

A memecoin that is under long-term construction, endorsed by NAVI and with a clear name, I personally think it will be a relatively stable one. 6 million market value, 2X in 3 days

NAVI Protocol, the lending empire in Sui Ecosystem, reshapes the financial landscape! NAVI has already connected with more than 20 DeFi projects in Sui Ecosystem and plans to continue to expand this year. Not only does it do lending, but it also does liquidity staking, taking a two-pronged approach, and its market position is strong. Moreover, their recently launched NAVI Pro product has a user-friendly interface, powerful functions, and a sharp increase in user experience.

7. PUGWIF

Pugwif acquires SuiPlay, which is scheduled to launch on SuiNetwork in the first quarter of 2025. Features include compatibility with PC games, high-end hardware, and long battery life. Priced at $599, it sits between the Steam Deck OLED and ASUS ROG Ally, with comparable specs.

It can be said that the SUI ecosystem is still in its early stages, and future development still requires meme tokens to attract traffic and attention.

Who will be the first 100M meme?