$HAEDAL is trading approximately at $0.119 - $0.120 USD. This reflects a decrease of around 5.5-6.5% in the last 24 hours and a decline of roughly 12-13% over the past 7 days. On a monthly timeframe, HAEDAL has seen a more significant decrease of about 27-29%. Notably, HAEDAL is currently down by approximately 46-47% from its all-time high (ATH) of $0.223374 USD, which was achieved recently in May 2025.
Detailed Price Analysis:
Haedal Protocol ($HAEDAL) is currently experiencing a notable price correction after its recent launch and initial surges. As a relatively new token that gained significant attention through Binance's HODLer Airdrop program and listing, its price action reflects the post-initial hype retracement common for new projects, combined with broader market dynamics.
Recent Price Action: HAEDAL saw its Token Generation Event (TGE) and subsequent listing on major exchanges like Binance in May 2025. Following an initial pump that led to its ATH, the token has been undergoing a period of significant selling pressure and consolidation. The current dip suggests that early investors or airdrop recipients are taking profits, leading to a re-evaluation of its immediate market value. The price is hovering around the $0.12 mark, indicating a crucial support test.
Technical Indicators:
On shorter timeframes (e.g., 4-hour), HAEDAL is showing signs of a bearish trend, with the 50-day moving average currently sloping downwards. The Relative Strength Index (RSI) is likely in a neutral to slightly oversold zone, but without strong buying volume, this may not immediately signal a reversal.
For new tokens, traditional technical analysis can be limited due to insufficient historical data. However, the current price action suggests that initial listing hype has subsided, and the market is now finding its true price discovery phase.
Key resistance levels are around $0.13-$0.14, with significant overhead resistance at its ATH of $0.22. Immediate support is found near $0.115, and further down around $0.10.
Trading Volume & Market Cap: HAEDAL maintains a significant 24-hour trading volume, recently ranging from $28 million to $37 million USD. Its market capitalization is approximately $24 million - $25 million USD. The relatively high trading volume compared to its market cap indicates active trading and speculation, which is typical for newly listed tokens with a strong initial push from a major exchange.
Fundamentals and Ecosystem Development: Haedal Protocol is a liquid staking platform built on the Sui blockchain. It enables users to stake SUI tokens and receive haSUI, a liquid staking token that can be used in various decentralized finance (DeFi) applications while still earning staking rewards.
Core Utility: Haedal's primary utility is to maximize staking rewards on Sui and enhance DeFi liquidity. It dynamically allocates staked assets to high-performing validators and offers derivative products like Haedal Market Maker (HMM) and haeVault to generate additional yield.
Sui Ecosystem Integration: The project aims to become a central liquid staking hub within the Sui ecosystem, leveraging Sui's high performance and low transaction costs. Its integration with other Sui DeFi protocols like Cetus and Scallop is key to expanding haSUI's utility.
Tokenomics: HAEDAL has a total supply of 1 billion tokens, with an initial circulating supply of 195 million (19.5% of total supply) at launch. The token has governance utility (via veHAEDAL for voting) and enables users to boost yields from haeVault. Its token distribution emphasizes ecosystem incentives (55%), with significant allocations also for investors (15%) and the team/advisors (20%), typically subject to vesting schedules.
Backed by Binance HODLer Airdrops: The inclusion in Binance's HODLer Airdrop program provided immense initial visibility and liquidity, attracting a large user base and considerable trading volume upon listing. This also signifies a level of endorsement from a major exchange.
Risks: As a relatively new project, HAEDAL faces the inherent risks of emerging protocols, including smart contract vulnerabilities, competition from other liquid staking solutions, and general market volatility. The recent Cetus hacking incident, though not directly on Haedal, did impact the broader Sui ecosystem sentiment and TVL.
Outlook: HAEDAL's future price will heavily depend on its ability to demonstrate sustained utility and attract organic demand beyond initial speculative interest and airdrop distribution. Its success is closely tied to the growth of the Sui ecosystem and the adoption of its liquid staking solutions. While the concept of liquid staking is strong in DeFi, HAEDAL needs to prove its long-term viability and security. Investors should monitor its Total Value Locked (TVL), development progress, community engagement, and the health of the broader Sui ecosystem.
In conclusion, Haedal Protocol ($HAEDAL) is a promising new liquid staking token within the Sui ecosystem that is currently undergoing a price correction after its initial launch hype. While its fundamental utility in DeFi is clear and its Binance listing provided significant exposure, its short-term price action reflects profit-taking and market discovery. Long-term success hinges on its ability to build out its ecosystem, attract more users to its liquid staking and yield products, and navigate the competitive and volatile landscape of the DeFi sector on Sui.