SUI Buyback Programme Continues to Fuel Price Stability

The SUI cryptocurrency has continued to hold its support level at $0.65 after recently trading near $0.69 on August 3rd.

This comes as the Sui Foundation expands its stablecoin-funded buyback programme, which uses yield generated from SUI's growing stablecoin ecosystem to purchase SUI on the open market.

The programme has generated approximately $2.2 million in revenue so far this year and has acquired around 317,500 SUI tokens since its inception.