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What is SUIA (SUIA) crypto coin? The truth about a dead project with zero circulation

Jul, 5 2025

What is SUIA (SUIA) crypto coin? The truth about a dead project with zero circulation
  • By: Tamsin Quellary
  • 5 Comments
  • Cryptocurrency

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The SUIA coin was supposed to be the fuel for a new kind of social app on the Sui blockchain. It promised user-owned communities, fast transactions, and real ownership of digital assets. But today, SUIA doesn’t exist as a functioning cryptocurrency - it’s a ghost. No one can buy it. No one is trading it. And the website that launched it has vanished.

What SUIA was supposed to be

SUIA was created in May 2023 as the native token for Suia.io, a social dApp built on the Sui Network. The idea was simple: let users own their communities, not corporations. The token would power interactions, rewards, and governance inside the app. It used Sui’s Move programming language, which lets digital assets behave like real objects you can hold, move, and trade - not just numbers in an account.

That sounds promising. But here’s the catch: no one ever built the app.

The numbers don’t lie - SUIA has zero circulation

According to CoinMarketCap, CoinGecko, and CoinStats, SUIA has a total supply of exactly 100,000,000 tokens. That’s fixed. No more can ever be created. But here’s the shocker: zero tokens are in circulation.

That means no one owns any SUIA. No wallets hold it. No exchanges list it for trading. The market cap? $0. The 24-hour trading volume? Around $22. That’s less than what you’d spend on a coffee and a sandwich. For comparison, even the smallest legitimate crypto projects have at least $10,000 in daily volume. SUIA doesn’t even meet the threshold to be called a market.

Its all-time high was $0.75 in June 2023. Today, it trades at around $0.0007 - a 99.3% drop. But even that price is meaningless. No one’s buying or selling. The price you see on CoinMarketCap is just a placeholder, calculated from one or two tiny trades that happened months ago.

The project’s website is gone

The Suia.io website, which was supposed to be the front door to this new social world, now returns a 404 error. The Wayback Machine shows it was live in early 2023, but by November 2023, it was completely offline. No redirects. No placeholder page. Just a blank space where a project once claimed to be building something.

There’s no GitHub repository with code. No public team members. No LinkedIn profiles. No press releases from reputable outlets like CoinDesk or Cointelegraph. Only a handful of automated bot accounts on Twitter mention SUIA - and none of them are real users.

Why no one can buy SUIA - even if they want to

You might see exchanges like Bitget listing SUIA with a “Buy Now” button. That’s misleading. There’s no liquidity. No market. No sellers. Even if you click “Buy,” you won’t get any tokens. The order won’t fill. The platform is just showing a listing that was auto-generated by their system, not a real trading pair.

There’s no official wallet integration. No instructions. No tutorials. No community on Telegram or Discord. If you tried to use a Sui Wallet to interact with SUIA, you’d have no contract address to connect to - because no one ever published one.

Shadowy figures dumping cash into a black hole labeled 'No Code, No App' in a cartoonish boardroom scene.

How it compares to real Sui ecosystem tokens

The Sui Network has over 40 active projects with real users and real value. Tokens like NAVI Protocol, KriyaDEX, and SuiSwap have working apps, active communities, and millions in trading volume. They’re built by teams you can find on LinkedIn. They have GitHub repos with weekly commits. They’re listed on major exchanges like Bybit and KuCoin.

SUIA has none of that. It doesn’t even rank in the top 5,000 cryptocurrencies by real usage. It’s listed at #6,037 on CoinMarketCap - not because it’s popular, but because it’s one of the thousands of tokens that were dumped into databases by automated crawlers.

Expert opinions: ignored, not analyzed

No financial analyst, crypto researcher, or institutional investor has ever written about SUIA. Not even to warn people. That’s not because it’s a hidden gem - it’s because it’s invisible.

Platforms like CoinGecko rate it as “Low Risk.” But that’s not a compliment. It means: “No one has invested enough money in this to make it worth tracking.”

It’s not a scam in the traditional sense - there’s no evidence of a team stealing funds. It’s worse. It’s a project that was never finished. A vaporware token with no users, no code, and no future.

Is SUIA a zombie token?

Yes. According to Messari’s 2023 taxonomy, a zombie token is one with:

  • Less than 0.1% of its supply in circulation
  • Less than 100 daily active addresses
  • No updates, no community, no development

SUIA meets all three criteria. It’s not dead - it’s already buried. The only thing left is a line in a database and a few automated price bots pretending it still matters.

A crypto graveyard with SUIA's tiny tombstone among thriving projects under a twilight sky.

What happened to the ,000 raised?

Reports say the project raised $60,000 in a crowdsale in May 2023. That’s not a lot - less than the cost of a modest startup office in Boulder. But where did that money go? No one knows. No audits were published. No financial statements released. No receipts. No transparency.

It’s possible the funds were used to pay for domain registration, a basic website, and a token contract. That’s it. There’s no evidence of any development work, marketing, or hiring.

Should you invest in SUIA?

No.

There’s nothing to invest in. You can’t buy it. You can’t use it. You can’t sell it. The project is abandoned. The team is gone. The website is gone. The community is gone.

If you see someone selling SUIA, it’s either a scam or a bot pretending to trade a dead asset. Don’t fall for it.

What’s the lesson here?

SUIA isn’t a failure - it’s a warning. The crypto space is full of projects that launch with big promises and vanish before they even start. The Sui Network is real. The technology is powerful. But tokens like SUIA prove that having a good blockchain doesn’t guarantee a good project.

Always ask: Is there a working product? Is there a team? Is there a community? Is there volume? If the answer to any of those is no, walk away.

SUIA was never meant to be a coin. It was meant to be a headline. And now, it’s just a footnote.

Is SUIA a real cryptocurrency?

Technically, yes - it’s a token on the Sui blockchain. But practically, no. It has zero circulation, no trading volume, no website, and no team. It’s not functional. It exists only as a data entry in crypto databases.

Can I buy SUIA on Coinbase or Binance?

No. SUIA is not listed on any major centralized exchange like Coinbase, Binance, Kraken, or KuCoin. It only appears on tiny, obscure DEXs like Cetus, but even there, there’s no liquidity. You can’t buy it meaningfully.

Why does CoinMarketCap show a price for SUIA if no one is trading it?

CoinMarketCap calculates prices from the few trades that ever happened - even if they were months ago. That’s why you see a price like $0.0007. It’s not a real market price. It’s a ghost number based on outdated, insignificant trades. Think of it like listing the price of a car that was sold once in 2012 and never seen since.

Is SUIA a scam?

It’s not a classic scam where someone stole your money. There’s no evidence of fraud. But it’s definitely a failure. The team raised money, created a token, and then disappeared. No product. No updates. No communication. That’s not a scam - it’s abandonment.

What happened to the Suia.io website?

The website is gone. It returns a 404 error. The domain is either expired or deliberately taken down. Archive.org shows it was live in early 2023, but by November 2023, it was completely offline. No redirects. No backup. Nothing.

Could SUIA come back to life?

It’s possible, but extremely unlikely. For SUIA to recover, someone would need to rebuild the entire project from scratch - create a working app, bring back the team, launch marketing, and convince people to trade it. No one has shown any interest. The project has been silent since June 2023.

Is SUIA related to the Sui Network?

Yes, technically. SUIA was built on the Sui blockchain using its Move language. But it’s not an official part of the Sui ecosystem. The Sui Foundation doesn’t endorse it. No Sui project uses it. It’s an independent, abandoned token that just happened to use Sui’s infrastructure.

Should I hold SUIA if I already have it?

If you somehow acquired SUIA, it’s essentially worthless. There’s no way to sell it. No exchange will take it. No wallet will let you use it. Holding it won’t make you rich - it will just clutter your wallet. The best move is to delete it or send it to a dead address.

Tags: SUIA crypto SUIA token SUIA price SUIA coin Sui Network token

5 Comments

Daryl Chew
  • Tamsin Quellary

This isn't just dead. It's a graveyard with a fake tombstone. Someone pumped this token just to vanish. No team, no code, no website - just a ghost in the blockchain database. They took $60k and ran. No one even bothered to fake a refund. This is how crypto dies: quietly, embarrassingly, with zero fanfare.

Tyler Boyle
  • Tamsin Quellary

Let’s break this down properly. SUIA was never a scam in the traditional sense - no wallet drain, no rug pull, no phishing links. But it’s a textbook case of vaporware executed with zero accountability. The team raised funds, deployed a token contract on Sui (which is technically trivial), built a landing page, and then vanished. No GitHub commits, no Discord mod activity, no Twitter replies to questions. Even the most amateurish projects at least put up a roadmap or a Twitter thread saying 'delayed due to market conditions.' SUIA didn’t even do that. The $22 trading volume? That’s bots auto-refreshing stale order books. CoinMarketCap still lists it because their crawler doesn’t care if the project is dead - it just sees a token address and a historical price. The real tragedy? It could’ve been something. Sui’s Move language is powerful. But this? This is what happens when you treat crypto like a lottery ticket instead of a software project.

Jane A
  • Tamsin Quellary

Stop pretending this is an accident. Someone made money and ran. No one builds a token, raises cash, and just… forgets. That’s not incompetence. That’s theft with a side of cowardice. If you’re holding SUIA, you’re holding trash. Delete it. Burn it. Don’t even let it sit in your wallet. It’s a warning label for the whole space.

jocelyn cortez
  • Tamsin Quellary

I’ve seen a lot of projects fade. Some because they ran out of money. Others because the tech didn’t work. SUIA is different. It never even started. No one got to test it. No one got to love it. It’s like a book with a cover and no pages. I feel sad for the people who believed in it. Not because they lost money - but because they believed something real could be built. That’s the real loss here.

Jenny Charland
  • Tamsin Quellary

SUIA is the perfect example of why you should never trust a project without a team pic. No LinkedIn. No Twitter. No GitHub. Just a token and a dream. And now? It’s a meme. 💀

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