CandleFocus Grayscale’s Sui Trust opens for accredited investors
2024-09-11
Author: Content Editor
Grayscale has announced that its Sui Trust is now open to qualified investors. The Sui Trust is a third-generation blockchain designed to address scalability and transaction costs. It ranks as the 38th largest cryptocurrency by market capitalization, with a current value of $2.4 billion. Sui's total value locked has rebounded from a dip in August, reaching a value of over $940 million. The native Sui token is used for rewards, gas fee payments, network utility, and governance. At the time of writing, Sui traded at around $0.91, down 1.5% in 24 hours but up more than 10% over the past week.
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