SUIG has amassed 19 million SUI tokens over the past month, accumulating at a rate nearly 27 times faster than Ethereum. The SUI network is currently handling 4.5 million transactions daily and boasts 927,000 daily active addresses, which is almost three times that of Ethereum. Despite these impressive metrics, SUI's price remains 40% below its Q1 peak, contrasting with Ethereum's full recovery from its H1 losses.
In addition to its token accumulation, SUIG has repurchased 276,000 shares as part of a $50 million buyback initiative. This strategic move comes amid the network's efforts to bolster its market position and investor confidence.
SUIG Accumulates 19M SUI in 30 Days Despite Price Stagnation
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