SUI blockchain has witnessed a drastic price fall, down to $2.47 from a 31% decline in the last month. The fall is witnessed when there is a greater airdrop opportunity for investors. With the support of prominent companies, SUI intends to make waves even during times when the market is low.
SUI Price Performance
The SUI token dropped 17.69% of its value over the last week and 31.8% over the last 30 days, according to Coingecko data. Market capitalization fell from almost $13 billion in late May to around $8.44 billion, indicating a 35% drop. This indicates bearishness on a normal basis with lower volume.
Current trading data indicates SUI prices below strong resistance, with the 20, 50, 100, and 200-day moving averages all trending down. Analysts predict that if SUI fails to hold above the $2.65–$2.70 level, further drop may drive the price to the $2.30–$2.10 support level.
Airdrop Opportunities Emerge
Despite the falling price, new airdrop schemes are gaining momentum. The SUI blockchain, along with teams such as Humanity Protocol and Ritual, are introducing new airdrops. Such programs are designed to reward low-investing customers, backed by deep-pocket players such as Andreessen Horowitz and Pantera Capital.
SUI blockchain has initiated a community passport airdrop. It enables members to get their identities verified through a cheap minting process with an aim of preparing them for upcoming rewards. A cryptorank.io rank of 2,204 for the SUI airdrop places it on the crypto community trend.
Community Engagement and Investor Support
SUI’s robust community development continues with over 213.4 million accounts on the network. Over the last 7 days, there have been over 3 million new accounts added. The daily active accounts range from 200,000 to 450,000, consistent with ongoing activity.
Financially, SUI has been able to raise $336 million from top investors. This funding round tells volumes about SUI’s credibility, even with market fluctuations. The blockchain contains more than 85 mainnet projects on it, and experts predict 70-80% of them can potentially give airdrops in 2025.
The SUI blockchain is riding out a bearish market with a drastic price drop while simultaneously embarking on hospitable airdrop campaigns. With an expanding user base and investor support, SUI is seeking to bounce back and attract more players. Users are invited to participate in the airdrop campaigns to have a chance at gaining potential rewards.
