Sunil, a creditor of FTX, recently took to social media platform X to share his insights on the cryptocurrency market. He highlighted that the price of SUI has surged to $5.2, pushing its total market capitalization to $16 billion. This significant increase in value prompted Sunil to reflect on an earlier transaction involving FTX and Mysten Labs. In March 2023, FTX had acquired 890 million SUI tokens along with equity stakes from Mysten Labs for $96 million. Given the current valuation, this investment is now worth approximately $4.6 billion, showcasing the substantial growth in SUI's market value since the acquisition.
