Sushi SUSHI

What SUSHI actually is on-chain

Sushi is an ERC-20 deployed on Ethereum, at contract address 0x6b3595068778dd592e39a122f4f5a5cf09c90fe2. That address, not the ticker SUSHI, is what uniquely identifies this asset: anyone can deploy a second token calling itself SUSHI, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, SUSHI is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in SUSHI itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For SUSHI the project publishes a public source repository and an active account as @sushiswap. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where SUSHI sits in the market

#438 places Sushi in the bottom of the mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like SUSHI on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.

CryptoPingAi is currently streaming 5 live SUSHI order books (Binance, Bitget, Gate.io, HTX, Bithumb). That is coverage in line with a #438 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

SUSHI against its all-time high

SUSHI is down more than 95% from its $23.38 peak (on 2021-03-13), leaving a 122x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For SUSHI the informative reference is the downside, which makes the range section below more relevant than this one. It was set 6 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

SUSHI across its historical range

SUSHI has traded across a 168x range, between $0.1395 and $23.38. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

SUSHI trades within 36.9% of the all-time low of $0.1395 set on 2026-06-25. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

SUSHI supply structure

SUSHI has no hard cap. 273.0 million SUSHI of a 291.5 million total is in circulation (93.7%), leaving 18.5 million held back. That overhang is modest but real — worth checking the unlock calendar before treating float as fixed.

What kind of asset SUSHI is

Sushi is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files SUSHI under 10 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming, Automated Market Maker (AMM). CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Solana (3,129 tracked tokens), Avalanche (256 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Sushi alert that is worth receiving

Sushi is the ERC-20 at 0x6b35…0fe2 on Ethereum — quoted on 5 venues we stream — high dated 2021-03-13 — rank #438. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →