Cryptocurrency wallet Trust Wallet has integrated the first-level blockchain Sui Network.
#TrustWallet will support the #SuiNetwork!
Manage your SUI tokens on mobile & #TrustWalletExtension after our engineers have finished working their magic! (stay tuned for updates).
Download Trust Wallet here and be ready: https://t.co/rmBjM5fPG8 pic.twitter.com/tFTyde7Rft
— Trust Wallet (@TrustWallet) May 3, 2023
According to CoinGecko, after the launch of the main network, the daily trading volume of the SUI native network token reached $1.6 billion, and its capitalization was $723 million.
In total, 528 million SUI circulate in circulation with an issue of 10 billion coins.
In the first minutes of listing on Binance, the asset was trading at a maximum rate of $2.16, subsequently falling by 37% to $1.38.
Despite the negative dynamics after the placement, the participants of the token sale still benefited. Prior to listing, the token was trading at $0.03 and $0.1, a potential profit of over 200%.
The majority of SUI trading volume comes from Binance (50%), followed by Bybit (12%), OKX (11%) and KuCoin (7%).
In November 2022, the Mysten Labs startup team launched the first Wave 1 testnet. In March 2023, they implemented the “permanent” testnet Sui Network, which will continue to work after the launch of the protocol.
According to the Sui Foundation, over 50% of the planned tokens will be directed to the development of the project after the launch of the mainnet.
Source: CryptoNewsHerald.com
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