$SUI

The current holding addresses and holding structure of cryptocurrencies exhibit typical characteristics of large public chains: there are a very high number of addresses in circulation, while the top holdings are highly concentrated, with institutions and large holders dominating the holding structure.

Current Holding Addresses and Distribution of Sui

Number of Holding Addresses: The Sui mainnet currently has 75,698,693 holding addresses, showing extremely high user coverage and retail participation.

Concentration Indicators:

The top 10 holding addresses account for 13.55% of the total supply

The top 20 holding addresses account for 14.62%

The top 50 holding addresses account for 15.49%

The top 100 holding addresses account for 15.84%

These data reflect that although the number of holding addresses is vast, the vast majority of SUI tokens are actually concentrated in a small number of large holders or institutions. The proportion held by the top 100 addresses is close to 16%, far exceeding that of mature public chains like Ethereum and Bitcoin with the same ranking.

Institution and Retail Participation Structure

Institutional Dominance: Since Sui is an emerging Layer 1 public chain, early distribution and lock-up mainly flowed to project teams, investment institutions, partners, etc., which aligns with the phenomenon of high concentration among its top 100 large holders. Several leading crypto funds, DeFi capital, and exchanges have deeply participated in the Sui ecosystem and holdings, such as recent WLFI and mainstream capital continuously buying in and promoting related collaborations.

Retail Participation: Although the number of retail addresses is enormous, the average holding amount per individual address is extremely low, with the vast majority of SUI scattered among long-tail small addresses, contributing limited influence.

Market Funds and Contract Data

Contract Holding Volume: As of the end of April 2025, the total network contract holding volume soared to $1.1 billion, with a locked value of $1.46 billion, becoming one of the most remarkable new forces among the top 20 mainstream currencies by market capitalization. This phenomenon has also intensified the concentration characteristics of the main funds participating.

Conclusion

Currently, the holding structure of Sui presents a pattern of “institution (large holder) highly dominant, retail widely participating but with limited individual influence”—that is, “more coins are in the hands of large holders, while more people are among retail holders.”

Institutions and large holders have a prominent guiding role on Sui’s price and ecosystem, which is unlikely to be changed by a large amount of retail diversification in the short term.

This suggests that the market trend and ecological layout of Sui in the near term largely depend on the attitudes and operations of large holders and capital institutions, rather than being completely led by community retail holders.