Sui Price Defies $0.65 Support as Buyback Programme Accelerates

The Sui crypto price has shown resilience in defending the $0.65 support level, as the Sui Foundation's stablecoin-funded buyback programme continues to gather pace.

According to the Sui buyback dashboard, the network has generated approximately $2.2 million in revenue so far this year, including estimated rewards for the current month.

The programme uses yield generated from Sui’s growing stablecoin ecosystem to purchase SUI on the open market, with recent buybacks averaging around $6,000 per day.

Since the programme began, the Foundation has acquired approximately 317,500 SUI, but these tokens are not destroyed and instead returned to the ecosystem, meaning the programme does not reduce SUI’s total token supply.