Crypto investors are buzzing with enthusiasm for Sui's (SUI) next big meme coin Suirum which has raised 25000 SUI. The Sui blockchain has captured the attention of crypto enthusiasts and traders as it is rising through the Layer 1 space.
However, in between recognised projects like NAVI Protocol, Scallop and Cyrus Protocol, a new meme coin is drawing attention. Sui’s latest invention, the Suirum (SUIR) meme coin which has made waves in the short span it has been launched.
The Sui Network is already booming with Cetus and NAVI Protocol getting to $123 million in TVL and $255 million in TVL respectively. However, that's not what is attracting the crypto investors. It's Suirum which is drawing people as seen in the surge of interest from crypto whales who have claimed it as a massive opportunity.
This meme coin is a hype-driven token which is focused on sustainable growth, innovation and community empowerment in the Sui ecosystem. The fact that the investors' interest in SUIR is real can be seen in how it raised 25,000 SUI in a few days of the ongoing presale.
The Suirum meme coins is standing out because of its deflationary mechanics as the supply of the token decreases with every transaction which ensures that the digital asset is increasing in scarcity in the crypto market. Holders of SUIR are directly benefiting from this as time progresses.
Another reason why SUIR is gaining momentum is its fair and balanced distribution in the presale rather than the common pump-and-dump approach of most meme coins. Suirum has no fixed presale price rather it was distributed proportionally across participants based on their SUI contribution, ensuring a level playing field for all.
Also since the token will be listed on the Cetus protocol at a 50% higher price than its presale is a factor working in its favour. Lastly, with crypto whales from different Sui projects like Scallop, NAVI and Cetus already using SUIR, crypto traders are getting interested in it.
The meme coin is slated to be the next big thing as crypto whales are betting on it and the price is likely to surge 50% after Cetus listing.
As of October 24 evening, SUI has gained 2.37% in the last 24 hours to reach $1.96 and has a market capitalization of $5.42 billion and a trading volume of $665 million