SUI Token Unlocks More Exchange Listings; Can It Breach $1.4?
SUI Token News: Sui Network, a Layer 1 blockchain’s native token SUI just gained the support of more crypto exchanges as it moves towards stability. The SUI Mainnet went live on Wednesday after much anticipation. However, the SUI price registered a huge drop just after the launch.
Also Read: SUI Gets Binance Listing; Price Set To Skyrocket?
More Futures Listing For SUI
Lending more support to the SUI token, WOO X, a crypto trading platform announced a new Futures listing, SUI – PERP, with ZERO fees. Adding to the tally, Crypto.com, a crypto exchange also announced a perpetual contract listing for the token on its derivatives exchange.
However, these listing comes in when SUI official team reportedly requested several big crypto exchanges involving Binance, OKX, KuCoin and more not to issue perpetual contract listings. Colin Wu reported that certain exchanges somehow agreed to accept this request and delayed the launch of future contracts.
Also Read: US SEC Asked To Reply In 10 Days To Coinbase Complaint
Meanwhile, just after a few hours of spot listing, Binance, Bybit, and other exchanges went on to announce their launch of SUI perpetual contracts. Binance announced that it will launch USDⓈ-M SUI perpetual contract with up to 50X leverage. Read More Crypto News Here…
SUI price registered a massive drop just after the launch of its mainnet. However, the token price went on to touch the $2 price level. According to Coinmarketcap, SUI price has dropped by 70% in the last 24 hours. It is trading at an average price of $1.39, at the press time.
Its 24 hour trading volume is up by 2733% to stand at $2.12 billion. While it’s live market cap stands around $732 million.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why Is Crypto Market Up Today?
- Trump Tariffs: Crypto Market Surges After $400B Dividend Announcement for Americans
- Michael Saylor Hints Bitcoin Buy As Goldman Sachs Predicts Three Fed Rate Cuts
- What’s Behind Ethereum’s Drop: Macro, TVL, DeFi & Liquidity Zones
- Bitcoin ETFs Record Biggest Daily Outflow Since August as OG Whales Cash Out
- After a 17% Jump, Is Litecoin Price Rebound Sustainable Amid Dominant Sell Activity?
- Cardano Price Soars 10% Amid Retail Accumulation: Will Bulls Target $1?
- Bitcoin Price: How Low BTC Could Fall by the End of 2025?
- Post-Giveaway Supply Shock: Impact on FUNToken’s Liquidity and Market Depth
- Aster Price Poised to Hit $2 as Coinbase Adds ASTER to Listing Roadmap
- Filecoin Price Rockets 51% as Grayscale’s FIL Holdings Hit Record High — What’s Next for FIL?
