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SUI token nears $1.20 as network hits six billion transaction blocks and futures funding rates rise.

Protocol Fundamentals
30 Sep 2026
Tokenpost
View Source
Bullish
SUI token nears $1.20 as network hits six billion transaction blocks and futures funding rates rise.

The SUI token traded near $1.20 on Sept. 30 after the Sui network surpassed six billion transaction blocks, marking significant network activity. The token price rose from about $1 on Sept. 25 to nearly $1.29 on Sept. 27 before sellers pushed it down to $1.10, then it recovered to around $1.20. Futures funding rates increased, raising costs for traders holding bullish leveraged positions, signaling cautious optimism but higher risk if momentum fades. The milestone counts transaction blocks, which can include multiple activities like swaps and staking, not individual user actions. Open interest in SUI futures reached $422 million, showing strong trader engagement.

As of Oct 01, 2026 04:53 WIB, SUI trades at Rp20,718 on Pluang with a slight 1-day decline of 0.02%, holding 41% of its total supply in circulation. Despite the recent price fluctuations noted in the article, the token maintains strong market engagement with a market cap of Rp85.21 trillion and a 24-hour trading volume of Rp20.17 trillion. The Pluang platform shows a predominantly bullish order activity at 67% buy, with typical holders maintaining positions for about 38 days, indicating steady investor interest following the network's transaction milestone.

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