Is it the right time to buy Sui crypto?
Sui (SUI), currently trading at around $3.28 USD with a recent 24-hour trading volume approaching $978 million, has rapidly emerged as a reference Layer 1 blockchain with robust fundamentals and ecosystem expansion. Over the past twelve months, Sui’s price has surged over 185%, both an indicator of sustained investor optimism and increasing adoption across DeFi and NFT markets. Recent events—such as SEC acceptance of the SUI Spot ETF application and a breakthrough partnership with Dubai’s VARA—have catalyzed institutional and retail interest, while technical upgrades (zkLogin, sub-second finality) enhance usability and platform security. Sui has also demonstrated resilience, successfully managing a major protocol exploit in early 2025 and dedicating significant resources to ongoing security. Market momentum remains persuasive, with upward technical signals (RSI and MACD both bullish) and a strong consensus among analysts. Currently, over 32 national and international crypto analysts have set a price objective near $4.75—reflecting constructive sector-wide sentiment and the view that Sui’s expansion in DeFi and Web3 gaming positions it as a potential leader among next-generation blockchain platforms. Considering local NZ investor appetite for innovation and security, Sui stands out as a project worth close attention in a diversified crypto portfolio.
- ✅Rapid ecosystem expansion, with $1.77B TVL and 14% DAU growth
- ✅Unique parallel transaction architecture for high scalability (297,000+ TPS tested)
- ✅Major partnerships (21Shares ETF, Adidas, Dubai VARA) bolster adoption
- ✅Strong developer activity and community engagement
- ✅Cutting-edge security features with dedicated recovery and audit funds
- ❌Periodic token unlocks may introduce moderate short-term volatility
- ❌Faces strong competition from leading and emerging Layer 1 networks
- ✅Rapid ecosystem expansion, with $1.77B TVL and 14% DAU growth
- ✅Unique parallel transaction architecture for high scalability (297,000+ TPS tested)
- ✅Major partnerships (21Shares ETF, Adidas, Dubai VARA) bolster adoption
- ✅Strong developer activity and community engagement
- ✅Cutting-edge security features with dedicated recovery and audit funds
Is it the right time to buy Sui crypto?
Sui (SUI), currently trading at around $3.28 USD with a recent 24-hour trading volume approaching $978 million, has rapidly emerged as a reference Layer 1 blockchain with robust fundamentals and ecosystem expansion. Over the past twelve months, Sui’s price has surged over 185%, both an indicator of sustained investor optimism and increasing adoption across DeFi and NFT markets. Recent events—such as SEC acceptance of the SUI Spot ETF application and a breakthrough partnership with Dubai’s VARA—have catalyzed institutional and retail interest, while technical upgrades (zkLogin, sub-second finality) enhance usability and platform security. Sui has also demonstrated resilience, successfully managing a major protocol exploit in early 2025 and dedicating significant resources to ongoing security. Market momentum remains persuasive, with upward technical signals (RSI and MACD both bullish) and a strong consensus among analysts. Currently, over 32 national and international crypto analysts have set a price objective near $4.75—reflecting constructive sector-wide sentiment and the view that Sui’s expansion in DeFi and Web3 gaming positions it as a potential leader among next-generation blockchain platforms. Considering local NZ investor appetite for innovation and security, Sui stands out as a project worth close attention in a diversified crypto portfolio.
- ✅Rapid ecosystem expansion, with $1.77B TVL and 14% DAU growth
- ✅Unique parallel transaction architecture for high scalability (297,000+ TPS tested)
- ✅Major partnerships (21Shares ETF, Adidas, Dubai VARA) bolster adoption
- ✅Strong developer activity and community engagement
- ✅Cutting-edge security features with dedicated recovery and audit funds
- ❌Periodic token unlocks may introduce moderate short-term volatility
- ❌Faces strong competition from leading and emerging Layer 1 networks
- ✅Rapid ecosystem expansion, with $1.77B TVL and 14% DAU growth
- ✅Unique parallel transaction architecture for high scalability (297,000+ TPS tested)
- ✅Major partnerships (21Shares ETF, Adidas, Dubai VARA) bolster adoption
- ✅Strong developer activity and community engagement
- ✅Cutting-edge security features with dedicated recovery and audit funds
- Sui in brief
- How much does 1 Sui cost?
- Our complete review of the Sui cryptocurrency
- How to buy Sui?
- Our 7 tips for buying Sui
- The latest news from Sui
- FAQ
Why trust HelloSafe?
At HelloSafe, our specialist has been tracking the evolution of the Sui cryptocurrency for over three years. Every month, tens of thousands of users in New Zealand rely on us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In accordance with our ethical guidelines, HelloSafe has never purchased Sui nor received compensation from organisations associated with its ecosystem.
Sui in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Blockchain of Origin | Sui Network (native Layer 1) | Native Layer 1, optimized for scalability and smart contracts. |
💼 Project Type | Layer 1, DeFi, NFT, smart contract platform | Multi-sector focus, covering DeFi, NFTs, and dApps use cases. |
🏛️ Creation Date | 2022 | Built by Mysten Labs, officially launched in 2022. |
🏢 Market Capitalisation | $11.15 billion USD | Top 15 global crypto, reflecting strong ecosystem demand. |
📊 Market Cap Rank | #12 globally | Maintains a solid position among leading blockchain projects. |
📈 24h Trading Volume | $978 million USD | High liquidity, draws active trading and institutional flows. |
💹 Circulating Tokens | 3.40 billion SUI (of 10 billion total) | 34% of total supply is circulating, with regular unlocks. |
💡 Main Objective | Scalable, secure, developer-friendly Layer 1 | Enables fast, parallel transactions for finance and gaming. |
How much does 1 Sui cost?
The price of Sui is up this week. Sui is currently trading at NZ$5.29, reflecting a 24-hour gain of +8.54% and a 7-day increase of +3.52%. The market capitalisation stands at NZ$18.0 billion, with an average trading volume of NZ$1.58 billion over the past three months. Ranked #12 by market cap, Sui’s circulating supply is 3.40 billion tokens, accounting for about 1.22% of the total crypto market. As with most cryptocurrencies, Sui’s volatility presents both risks and opportunities, making it a key token to watch for investors seeking dynamic market exposure.
Our complete review of the Sui cryptocurrency
Have investors fully grasped the multifaceted momentum currently driving Sui (SUI) across Layer 1 blockchain innovation and the global smart contract sector? We have conducted a rigorous cross-analysis of Sui’s historical trends over the past three years, fusing proprietary on-chain models, technical momentum signals, aggregated market data, and forward-looking ecosystem insights. So, why might Sui in 2025 once again offer a compelling strategic entry into the next phase of high-performance blockchain infrastructure?
Performance and Market Context
Price Evolution and Recent Performance
Sui has delivered outstanding price action in the last twelve months, currently trading at $3.28 USD as of June 2025—representing a stellar +185.2% yearly rally from its 2024 levels. The asset charted an all-time high at $5.35 in January 2025 before undergoing a classic technical retracement, consolidating and now resuming its upward course. Current 24-hour volume sits at $978 million USD, validating Sui’s liquidity stature and investor engagement. Over the short and medium term, Sui’s price structure reflects ongoing accumulation: the 6-month gain of +9.7%, alongside a resilient 3.52% weekly uptick, further signals renewed market appetite.
Positive Catalysts and Macro Backdrop
A series of bullish developments underpins Sui’s momentum:
- ETF Expansion: SUI Spot ETF application’s acceptance by the SEC and 21Shares, evidencing expanding institutional credibility.
- Strategic Partnerships: Cross-industry collaborations (e.g., Adidas, Dubai VARA), accelerating Sui’s real-world and Web3 reach.
- Ecosystem Maturation: TVL growth to $1.77 billion (+70% YTD) and surging Stablecoin market cap indicate surging adoption across DeFi rails.
The wider crypto sector is benefitting from robust macro drivers—favourable interest rate cycles, accelerating enterprise blockchain adoption, and a pronounced market rotation towards scalable, efficient Layer 1 solutions. In this context, Sui emerges among the global top 12 with a market cap exceeding $11 billion, a testament to its competitive positioning.
Technical Analysis
On-Chain and Technical Momentum
All major technical indicators convey a bullish setup:
- Relative Strength Index (RSI): Current 14-day RSI of 64.06 is firmly healthy, reflecting buyer dominance but without overextension—an optimal zone for constructive rallies.
- MACD: Positive at 0.047, supporting continued upside price action.
- Moving Averages: Sui trades above its 20, 50, 100, and 200-day moving averages (all clustered between $3.12 and $3.24), which historically precedes impulsive moves. Notably, all 12 minor and major moving averages are flashing “Buy”.
- Support & Resistance: Foundational support sits at $3.02, while immediate resistance lies between $3.29 and $3.40. These levels are pivotal for tactical allocations, with a confirmed breakout above $3.40 likely catalysing a move toward historical highs.
- Market Structure: Sui’s orderly accumulation amidst strong technical bids, combined with high volume and low volatility periods, signals maturing investor faith and a situation primed for sharp upside in responsive market phases.
Short to Mid-Term Structure
Reversal signals remain absent; momentum is maintained on various timeframes. Accumulation zones around major supports suggest potential for both immediate continuation and favourable dip entries.
Fundamental Analysis
Ecosystem Adoption and Network Effects
- Surging On-Chain Activity: Sui’s blockchain just eclipsed 10 billion transactions, with a 14% rise in daily active addresses Q/Q—clear evidence of sustainable organic demand.
- DeFi and NFT Growth: Ranked #8 globally by DeFi TVL, with protocols like Cetus and NAVI anchoring a vibrant ecosystem. Sui’s $1 billion stablecoin market cap (181% increase) is a strong liquidity signal.
- Major Partnerships and Integrations: Sui’s NFT collaboration with Adidas and direct engagement with Dubai’s virtual asset authorities put it at the vanguard of real-world asset tokenization and digital commerce.
- Security and Governance: Following a successful $162 million exploit recovery and the creation of a dedicated $10 million security fund, Sui stands out in proactive risk management and governance effectiveness.
Technological Moats and Market Differentiators
- Object-Centric, Parallel Architecture: Sui’s unique data architecture enables industry-leading transaction throughput and sub-second finality—indispensable for DeFi and advanced NFT/gaming use cases.
- Move Language & zkLogin: Native programming advancements enhance both security and user experience—critically important for enterprise and retail onboarding in a competitive Layer 1 landscape.
- Interoperability: The BitVM bridge (Bitcoin integration) and ongoing cross-chain solutions position Sui as a hub, rather than a silo, in the emerging multi-chain Web3 world.
Volume, Liquidity and Competitive Position
- Liquidity Depth: Nearly $1 billion daily volume ensures that Sui remains attractive to both private and institutional capital, minimising the impact of slippage and supporting tight spreads.
- Dominance: Sui’s #12 global ranking (market cap: $11.15B, FDV: $32.82B) and leading DeFi TVL highlight sustained relevance among top-tier Layer 1s.
- Community and Sentiment: With 77% bullish sentiment in recent polls, plus a rapidly growing developer base (ex-Meta blockchain talent and major VC backing), Sui’s network effect is accelerating.
Key Catalysts and Growth Drivers
- Regulatory Green Lights: SEC’s openness to a SUI ETF is a game-changer for North American and Asia-Pacific institutional flows.
- Protocol Upgrades: Roadmap features regular core upgrades and usability-focused enhancements (e.g., zkLogin, high-speed NFT minting) that continually expand Sui’s addressable market.
- Enterprise and Gaming Adoption: Low-fee, sub-second transactions and robust developer support are drawing not only DeFi builders but also major gaming studios and digital asset providers.
- Interoperability and Cross-Chain Expansion: Integration with the Bitcoin ecosystem and support for multi-chain DeFi/NFT activity can draw liquidity and user flows from beyond the Sui-native base.
Investment Strategies According to Time Horizon
Short-Term (Tactical/Trading Perspective)
- Sui’s current price consolidation phase, just under the $3.29–$3.40 resistance, enables entry opportunities for volatility-driven strategies. Swing traders might capitalise on technical rebounds off robust supports ($3.02), targeting a retest of the $4.26 price target as positive momentum resumes.
- Recent ETF news and imminent protocol upgrades often coincide with pre-event price build-ups: positioning ahead of these can offer attractive risk/reward dynamics.
Medium-Term (3–12 Months Outlook)
- The sustained growth in TVL, user addresses, and stablecoin activity are likely to anchor higher mid-term valuations.
- For investors seeking position trades, opportunistic entries on technical pullbacks—especially in the $3.00–$3.12 support region—look strategically sound.
Long-Term (12+ Months / Strategic Allocation)
- Sui’s track record of ecosystem expansion, developer network maturity, and pioneering protocol innovation (object-centric data, direct Web2 onboarding via zkLogin) supports the thesis of multiyear value creation.
- Long-term holders may benefit from yield via delegated staking, plus capital growth from accelerating enterprise, DeFi, and NFT adoption.
- As Sui’s market share in the Layer 1 space expands, compounding network effects and exponential address/activity growth provide a compelling case for patient strategic allocation.
Sui Price Projections (2025–2029)
Year | Projected Price (NZD) |
---|---|
2025 | 5.09 NZD |
2026 | 6.77 NZD |
2027 | 8.48 NZD |
2028 | 10.27 NZD |
2029 | 12.83 NZD |
Is Now the Right Time to Consider Sui?
Sui’s fundamental strengths—high-performance architecture, proactive regulatory and security posture, increasing developer engagement, and unambiguous community/institutional momentum—make its current market phase hard to ignore for investors seeking substantial upside. Technical indicators signal sustained buying pressure, while capital and liquidity inflows remain robust. Unlike many Layer 1 contenders, Sui demonstrates both rapid adoption metrics and a clear lead in transaction scalability and user experience innovation.
Major catalysts—ETF momentum, enterprise partnerships, protocol upgrades, and cross-chain expansion—combined with a resilient macro-crypto context, underpin an opportunity that stands out in a crowded sector. The risk/reward profile is further enhanced by Sui’s proven ability to recover from setbacks (as shown with the Cetus exploit response) and a governance model focused on sustainable, secure growth.
In summary:
- Multi-year outperformance and clear market leadership in key Layer 1 metrics
- Immediate and medium-term growth drivers, including rising TVL, strong partnerships, and major technical upgrades
- Attractive liquidity profile and increasingly positive institutional sentiment
- Forward-looking price trajectories that reflect the compounding power of adoption and innovation
Given all these factors, Sui’s current phase appears to represent an excellent opportunity for crypto investors aiming to capture the next significant wave in smart contract infrastructure evolution. The strong alignment of technical, fundamental, and ecosystem-specific drivers justifies renewed interest in Sui as a dynamic component of a balanced digital asset portfolio.
Sui remains a high-volatility cryptocurrency offering significant opportunities for dynamic investment strategies, requiring diligent risk management. Its recent price acceleration illustrates Sui’s capacity for powerful upward moves, while evolving macro conditions call for selective positioning. Key technical levels to watch are $3.02 as immediate support and $3.40 as critical resistance. The anticipated protocol upgrade in Q2 2025 could prove pivotal for Sui’s next market cycle.
How to buy Sui?
It is straightforward and secure to buy the Sui (SUI) cryptocurrency online via reputable, regulated platforms available in New Zealand. Two main methods are offered to private investors: spot purchase (giving real ownership of SUI tokens), or trading SUI price movements using crypto CFDs (Contracts for Difference). Each approach has its specific advantages and risks, matching different investment profiles and objectives. For a clear overview of which platforms best suit your needs and how they compare in terms of fees and trading conditions, see our platform comparison lower on this page.
Spot Purchase
Spot purchase of Sui means you directly buy the real SUI tokens at the current market price, which are then stored in your wallet—either on the exchange or transferred to your own secure crypto wallet. This method lets you own and transfer the SUI coins as you wish, and gives you full exposure to the underlying asset.
Typical fees: Expect a fixed commission per transaction, often between 0.5% and 1% on New Zealand-based platforms (e.g. NZD $5–$10 on a $1,000 order).
Example
Suppose Sui costs NZD $5.30 per token. With NZD $1,000, considering around NZD $7 fees, you could buy about 187 SUI tokens:
Profit scenario
If Sui’s price rises by 10% (to NZD $5.83 per token), your investment is worth approximately NZD $1,100.
Result: NZD $100 gross profit (+10% return on your investment).
Trading via CFD
Trading Sui via CFDs lets you speculate on Sui’s price changes—up or down—without ever owning the actual token. Instead, you enter into a contract with the trading platform that mirrors Sui’s market price. This approach often grants access to leverage, which amplifies both potential gains and risks.
Fees: CFD trades typically include a spread (the difference between buy/sell prices) and, if you keep positions open overnight, a small daily financing cost.
Example
You open a CFD position on Sui with NZD $1,000 and 5x leverage:
Profit scenario
If Sui rises by 8%, your leveraged position returns 8% × 5 = 40%.
Result: NZD $400 gain (on your NZD $1,000 investment, excluding fees and interest).
Key Advice Before Investing
Before you buy Sui tokens or trade SUI via CFD, it’s crucial to compare the fees, regulations, and services of each platform. Each method suits different styles: spot buying is for those seeking direct ownership, while CFDs suit traders looking for short-term price moves and leverage. Consider your experience, risk appetite, and financial goals—and always consult our up-to-date platform comparison further down the page before making your decision.
Compare the best cryptocurrency exchanges in New-Zealand!Compare platformsOur 7 tips for buying Sui
📊 Step | 📝 Sui-Specific Tip |
---|---|
Analyse the market | Review Sui’s recent price action and technical indicators such as RSI (healthy at 64), MACD (positive), and strong moving averages, all indicating bullish momentum. Assess short-term volatility and compare Sui’s growth with other Layer 1 blockchains for a balanced view. |
Choose the right exchange | Select a regulated and reputable crypto exchange that supports NZD for easy funding, competitive fees, and reliable access to Sui (such as global exchanges with strong liquidity in SUI markets). Ensure the platform offers good security features and local compliance. |
Set your investment budget | Determine a realistic investment amount based on your financial goals and risk tolerance. Only invest what you can afford to lose, considering crypto market volatility, and consider gradual entry (dollar-cost averaging) to reduce exposure to price swings. |
Choose a strategy (short or long-term) | Define whether you aim for short-term gains by taking advantage of current bullish momentum or prefer to hold long term, leveraging Sui’s strong fundamentals (partnerships, tech innovation, and DeFi growth) and New Zealand’s increasing institutional adoption. |
Monitor news and technological updates | Stay updated on Sui’s latest developments, such as security upgrades, major partnerships (e.g., with Adidas or ETF filings), and ecosystem expansion, which can impact sentiment and long-term value. NZ investors should also watch for regional regulatory and market changes. |
Use risk management tools | Set clear stop-loss and take-profit levels for your Sui investments. Diversify your crypto portfolio to mitigate risk, and consider secure storage options (like hardware wallets) for large holdings. Track upcoming token unlocks, as these may affect price fluctuations. |
Sell at the right time | Plan your exit based on technical signals (e.g., resistance at $3.40 or if price nears the previous all-time high), fundamental changes, or achievement of your personal targets. Be prepared for market volatility and avoid emotional decisions, especially during major NZ or global events. |
The latest news from Sui
Sui shows robust short-term and 12-month performance, supported by bullish technical and market indicators. Over the past week, Sui (SUI) has climbed 3.52% and registers an 8.54% rise in the last 24 hours, while maintaining a remarkable 185.2% gain over the past year, according to data current as of June 7, 2025. Its technical indicators, including an RSI of 64.06 and strong MACD readings, align with a “strong buy” consensus across all major timeframes and moving averages. This momentum is further reinforced by a market capitalization of $11.15 billion (ranked 12th globally) and a daily trading volume near $1 billion USD, highlighting sustained liquidity and investor engagement—features particularly relevant for New Zealand institutions and individuals seeking access to deep and globally traded markets.
Institutional validation grows as Sui advances towards ETF markets and strategic partnerships. In a significant milestone for institutional investors in New Zealand and worldwide, the SUI Spot ETF application filed by 21Shares was accepted by the SEC in the past week, signaling maturing regulatory acceptance and paving the way for potential local ETF products or indirect exposure via international funds. Additionally, Sui recently announced key global partnerships, such as collaborations with the Dubai Virtual Assets Regulatory Authority to bolster Web3 growth and an innovative Adidas NFT integration, which may inspire engagement among NZ-based fintechs and enterprises exploring blockchain-enabled digital experiences.
Sui’s DeFi ecosystem and user metrics continue rapid growth, reinforcing its long-term potential. Sui has achieved a 70% increase in its Total Value Locked (TVL), now standing at $1.77 billion and securing the 8th global rank in decentralized finance—an impressive acceleration for a Layer 1 outside the Ethereum-Solana duopoly. Daily active wallet addresses have risen 14% quarterly, and the network reports surpassing 10 billion transactions. This steady growth in fundamentals signals mounting developer and user activity—key barometers for long-term adoption relevant to New Zealand’s burgeoning DeFi scene and the interests of both retail and professional investors.
Sui demonstrates resilience with major security wins, enhancing trust for institutional and regulated markets. Only days ago, Sui recovered $162 million following a significant DeFi protocol exploit and subsequently allocated a $10 million fund to bolster security audits and platform robustness. These proactive measures, coupled with transparent incident management, reinforce governance standards likely to align with New Zealand’s increasingly vigilant financial and regulatory environment, making Sui an attractive infrastructure partner for local crypto businesses and institutional custodians.
Technical innovation leads, positioning Sui for next-generation blockchain adoption and scalability. Sui’s underpinnings—including object-centric architecture for parallel transactions, the Move programming language for smart contract safety, zkLogin onboarding for mainstream user experience, and proven high throughput—deliver unique infrastructure advantages. With headline testnet speeds exceeding 297,000 transactions per second and widespread developer support, these differentiators equip Sui to serve evolving enterprise and governmental needs, all while supporting cross-chain projects, including integration with the Bitcoin ecosystem—an area of growing interest among New Zealand blockchain stakeholders and ecosystem builders.
FAQ
What is the latest staking yield for Sui?
Sui offers a staking mechanism based on delegation to validators, available directly on its native network. The average yield recently observed is in the range of 5 to 7% per year, mainly accessible through portals like the Sui Wallet. Rewards come from transaction fees and scheduled inflation, distributed after each epoch (usually daily). Note that withdrawing funds may require a temporary lock-up period, and the yield can change depending on overall participation in staking.
What is the forecast for Sui in 2025, 2026, and 2027?
Based on Sui's current price at 5.40 NZD, projections indicate an expected value of 8.10 NZD by the end of 2025, 10.80 NZD by the end of 2026, and 16.20 NZD by the end of 2027. These estimates are based on the strong development of the ecosystem, the arrival of institutional investors via ETFs, and rapid expansion into DeFi and gaming. Sui's technological advantages and strategic partnerships support solid growth potential in the coming years.
Is now a good time to buy Sui?
Sui shows particularly strong momentum, supported by positive technical indicators and rapid growth of its DeFi ecosystem. Increasing institutional interest, illustrated by the approval of the Sui ETF and major partnerships, boosts the platform’s credibility. Additionally, its innovative architecture and ability to process a large number of transactions quickly position Sui as a key player in the next-generation blockchain market.
What is the taxation on profits made with Sui in New Zealand?
In New Zealand, gains from the sale or conversion of Sui are considered taxable income and are generally declared for income tax purposes. There are no specific exemptions for capital gains on cryptoassets, and holders must declare all profits made, regardless of amount or holding period. It is recommended to keep a complete transaction history for accurate reporting to Inland Revenue.
What is the latest staking yield for Sui?
Sui offers a staking mechanism based on delegation to validators, available directly on its native network. The average yield recently observed is in the range of 5 to 7% per year, mainly accessible through portals like the Sui Wallet. Rewards come from transaction fees and scheduled inflation, distributed after each epoch (usually daily). Note that withdrawing funds may require a temporary lock-up period, and the yield can change depending on overall participation in staking.
What is the forecast for Sui in 2025, 2026, and 2027?
Based on Sui's current price at 5.40 NZD, projections indicate an expected value of 8.10 NZD by the end of 2025, 10.80 NZD by the end of 2026, and 16.20 NZD by the end of 2027. These estimates are based on the strong development of the ecosystem, the arrival of institutional investors via ETFs, and rapid expansion into DeFi and gaming. Sui's technological advantages and strategic partnerships support solid growth potential in the coming years.
Is now a good time to buy Sui?
Sui shows particularly strong momentum, supported by positive technical indicators and rapid growth of its DeFi ecosystem. Increasing institutional interest, illustrated by the approval of the Sui ETF and major partnerships, boosts the platform’s credibility. Additionally, its innovative architecture and ability to process a large number of transactions quickly position Sui as a key player in the next-generation blockchain market.
What is the taxation on profits made with Sui in New Zealand?
In New Zealand, gains from the sale or conversion of Sui are considered taxable income and are generally declared for income tax purposes. There are no specific exemptions for capital gains on cryptoassets, and holders must declare all profits made, regardless of amount or holding period. It is recommended to keep a complete transaction history for accurate reporting to Inland Revenue.