May 4, 2023
- SUI launched its mainnet Wednesday May 3, 2023, with the layer-one blockchain seeing its native SUI token surpass $1 billion in 24-hour trading volume on Binance.
- At the time of writing SUI’s price stands at $1.34 from the ICO of $4.5191.
- Its total market cap at the time of writing is $709,113,023 yet its fully diluted market cap is $13,450,332,365.
The difference in current Market Cap and Fully Diluted Market Cap (FDMC) means you would have to make 18.9x return just to break even. SUI’s 24h volume has spiked almost 54% in just one day. For these reasons, it’s safe to say we should stay away from SUI.
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