SUI token climbs to $0.71 as gasless stablecoin payments go live
The SUI token, native to the Sui blockchain, is trading around $0.71 with a market capitalization of roughly $2.9 billion. Over the past 24 hours the price fell about 1.09%, but technical analysis shows higher lows and accumulation that analysts say could set up a breakout, with speculative long‑term targets of $5, $10 or $20.
Sui has launched a native gas‑less stablecoin transaction feature that eliminates the need for users to hold SUI to pay gas fees. The upgrade is built into the protocol itself, unlike third‑party gas‑abstraction services, and is intended to make stablecoin transfers frictionless across wallets, applications and payment services.
Institutional interest continues, highlighted by Abu Dhabi’s sovereign‑wealth fund Mubadala Capital tokenizing a $75 million private‑markets fund on the Sui network (alongside Solana and Base) on July 23 2026. The token’s 24‑hour trading volume is reported at about $145 million, placing SUI among the top‑30 cryptocurrencies by market cap.
Entities: Abu Dhabi · Crypto Patel · Mubadala Capital · SUI token · Sui blockchain
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] SUI trading range is $0.60‑$0.90, with speculative long‑term targets of $5, $10 or $20.
- [● 2 SOURCES] Gas‑less stablecoin transactions remove the need to hold SUI for gas fees.
- [● 2 SOURCES] Mubadala Capital tokenized a $75 million private‑markets fund on the Sui network.
- [● 2 SOURCES] Analyst Crypto Patel said accumulation signs could lead to a breakout if momentum continues. (Crypto Patel)
- [● 2 SOURCES] SUI price declined about 1.09 % over the previous 24 hours.
- [● 2 SOURCES] The Sui blockchain launched native gas‑less stablecoin transactions.
- [● 3 SOURCES] SUI token trades around $0.71 with a 24‑hour volume of about $145 million and a market cap near $2.9 billion.
- [○ 1 SOURCE] SUI is the 30th‑largest cryptocurrency by market cap.
- [● 2 SOURCES] Analyst Crypto Patel says accumulation signs could lead to a breakout, with speculative long‑term price targets of $5, $10 or $20. (analyst commentary)
- [● 2 SOURCES] Sui network introduced native gas‑less stablecoin transactions that require no gas fees or SUI holdings. (protocol upgrade announcement)
- [● 2 SOURCES] 24‑hour trading volume for SUI is about $145 million. (trading volume figures)
- [● 2 SOURCES] SUI token price declined about 1.09% over the past 24 hours. (price change reported in articles)