#sui#btc #memecoin🚀🚀🚀 With the unlocking of SUI tokens and the launch of the cross-chain bridge on the mainnet, SUI led a new wave of growth and its market value advanced to 20th place.
Sui is a permissionless, PoS-based layer 1 blockchain developed by Mysten Labs that aims to provide instant settlement and high throughput, and to support a wide range of next-generation latency-sensitive decentralized applications. The project was established after the dissolution of the original Facebook project Libra/Diem team, and has received capital attention and financing. Market data in 2024 shows
SUI performs well as follows:
Market Cap Growth: SUI has had strong performance since Q4 2023, with market cap increasing by 120% QoQ and another 176% in Q1 2024.
Price trend: SUI showed some volatility in 2024, but the overall trend was upward. In particular, on March 27, 2024, SUI reached its historical high of $2.18. As of now, the price of SUI is around $1.92.
Current price: $1.92 (as of October 9, 2024) Historical high price: $2.18 (March 27, 2024)
Upside: Up more than 100% in the past three months
As the price of SUI continues to rise, its on-chain memes are also very active
Token Economics
Total supply: 10 billion SUI coins
Distribution:
Allocation after 2030: 52.2% (522 million tokens)
Community Reserve: 10.6% (106 million tokens)
Staking subsidy: 9.5% (94,941,000 tokens)
Series A investors: 7.1% (71.417 million tokens)
Series B investors: 7% (69,556,000 tokens)
Early Contributors: 6.1% (61,337,000 tokens)
Community Access Program: 5.8% (58.2 million tokens)
Mysten Labs funding: 1.6% (16.348 million tokens)
