Sushi (SUSHI) remains a notable player in the decentralized finance (DeFi) ecosystem as the native governance and utility token of SushiSwap, one of the earliest and most recognized decentralized exchanges (DEXs) built on Ethereum. Since its launch in August 2020, SUSHI has evolved from a fork of Uniswap into a multi-chain DeFi platform offering swaps, staking, yield farming, and governance features.
As of mid-2025, SUSHI trades at $0.5895**, showing modest upward momentum with a **+0.22% gain** over the past 24 hours. While far from its all-time high of **$21.86 reached in March 2021, the token continues to maintain relevance in the competitive DeFi landscape due to its active community and ongoing protocol developments.
Current Sushi Price & Market Overview
The current price of SUSHI is $0.5895 USD**, with a 24-hour trading volume of **$17.3 million across 53 exchanges. The token opened the day at $0.5716**, marking a **3.13% increase** since market open. Despite brief dips to **$0.5660, bullish sentiment is slowly building.
Over the last week, SUSHI has declined by -3.58%, and over the past month, it’s down -10.96%, reflecting broader market consolidation in the DeFi sector. Year-over-year, the price has dropped -29.86%, highlighting investor caution amid macroeconomic uncertainty and shifting crypto trends.
Key Resistance Levels:
- First resistance: $0.7154
- Second resistance: $0.8803
- Third resistance: $1.10
For sustained upside movement, analysts suggest SUSHI must hold above the critical support level of $0.5614.
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Market Capitalization & Supply Metrics
SUSHI currently holds a market cap of $113.6 million**, ranking it **#243** among all cryptocurrencies. This valuation is based on its **circulating supply of 193 million tokens**. If fully diluted (based on total supply), the market cap would reach approximately **$165.2 million.
52-Week & Historical Price Range
- 52-week low: $0.4538
- 52-week high: $2.79
- All-time high (ATH): $21.86 (March 13, 2021)
- Current price is down ~75% from initial listing price of $2.39
Despite prolonged bearish trends, SUSHI remains above its April 2025 low of $0.495, indicating some level of market resilience.
Sushi Tokenomics & Wealth Distribution
Token Allocation
SUSHI’s token distribution is structured to support long-term ecosystem growth:
- 90% allocated to staking rewards, incentivizing liquidity providers and long-term holders
- 10% reserved for development and team incentives
This model emphasizes decentralization and community participation, aligning with core DeFi principles.
Holder Concentration
Wealth distribution data reveals significant concentration among top wallets:
- Top 1–10 addresses hold 44.54% of total supply
- Top 11–100 control 34.86%
- Combined, the top 100 wallets own over 79% of circulating SUSHI
While this raises centralization concerns, many top addresses represent exchange wallets or liquidity pools rather than individual entities.
The Sushi smart contract address is: 0x6b3595068778dd592e39a122f4f5a5cf09c90fe2On-Chain Activity & Blockchain Metrics
Since its launch on August 26, 2020, Sushi has recorded:
- Over 2.18 million token transfers
- Approximately 90,599 unique holders
- Average of 25.58 transactions per hour
- 614 confirmed transactions in the last 24 hours
These metrics suggest moderate but consistent network activity, typical for mid-tier DeFi projects navigating maturation phases.
Return on Investment & Volatility Analysis
SUSHI exhibits high volatility, characteristic of mid-cap altcoins:
| Metric | Value |
|---|---|
| ROI (3-month) | +4.99% |
| ROI (6-month) | -62.12% |
| ROI (12-month) | -29.35% |
| Volatility (3-month) | 54.95% |
| Volatility (12-month) | 120.52% |
| Max drawdown | -98.06% |
| Winning trading days | 48.51% |
Despite negative returns over longer horizons, short-term gains and cyclical rallies offer opportunities for active traders.
Technical Indicators: Bearish Outlook with Potential Reversal
Technical analysis across major indicators shows predominantly bearish signals:
Momentum & Trend Indicators
- RSI (14): 44.45 → Neutral
- Commodity Channel Index (20): -42.97 → Neutral
- Average Directional Index (14): 47.01 → Strong trend forming
- Williams %R: -38.62 → Neutral
Moving Averages – Bearish Signal
All key moving averages are above the current price, indicating strong resistance overhead:
- SMA(50): $0.666 → Sell
- EMA(100): $0.6915 → Sell
- SMA(200): $0.898 → Sell
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Frequently Asked Questions (FAQ)
Q: What is Sushi (SUSHI) used for?
A: SUSHI is the governance and utility token of SushiSwap, a decentralized exchange. It allows holders to vote on protocol upgrades, earn staking rewards, and participate in yield farming by providing liquidity.
Q: Where can I buy SUSHI?
A: SUSHI is available on over 50 cryptocurrency exchanges globally, including major platforms supporting Ethereum-based tokens.
Q: What was SUSHI’s highest price?
A: The all-time high for SUSHI was $21.86, reached on March 13, 2021, during the peak of the DeFi boom.
Q: How many SUSHI tokens are in circulation?
A: There are currently 193 million SUSHI tokens in circulation.
Q: Is SUSHI a good investment?
A: As with any cryptocurrency, investing in SUSHI carries risk. While it has strong fundamentals within DeFi, its price has been volatile and significantly below ATH. Investors should conduct thorough research and consider market conditions before investing.
Q: Can you stake SUSHI tokens?
A: Yes, users can stake SUSHI on the SushiSwap platform to earn additional rewards, including fees and incentive tokens from various yield farming pools.
Core Keywords Integration
This article naturally integrates the following core keywords:
- Sushi price
- SUSHI coin
- Sushi market cap
- SushiSwap
- DeFi token
- SUSHI price prediction
- cryptocurrency staking
- Ethereum-based tokens
These terms reflect common search intents related to price tracking, investment analysis, technical outlook, and ecosystem functionality.
Final Thoughts on SUSHI’s Future
While SUSHI no longer dominates headlines like during its 2021 surge, it maintains a loyal user base and continues evolving through cross-chain expansions and product enhancements. Its role in enabling decentralized trading, liquidity provision, and community governance ensures continued relevance in the DeFi space.
For investors and traders interested in mid-cap DeFi projects with historical significance and ongoing utility, SUSHI offers both opportunity and caution — emblematic of the broader crypto market's dynamic nature.
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