

Sushiswap (SUSHI) operates as a decentralized exchange platform that enables users to mine governance tokens through staking mainstream LP tokens from Uniswap V2. Since its inception in 2020, SUSHI has established itself as a governance-driven asset within the decentralized finance ecosystem. As of December 2025, SUSHI's market capitalization has reached approximately $82.85 million, with a circulating supply of around 273 million tokens, trading at $0.288 per unit. This governance token, which grants holders the right to participate in protocol decisions and share transaction fees, continues to play an important role in the decentralized trading infrastructure.
This article will provide a comprehensive analysis of SUSHI's price trajectory through 2030, integrating historical price patterns, market supply and demand dynamics, ecosystem development, and macroeconomic factors to deliver professional price forecasts and practical investment strategies for investors seeking exposure to this digital asset on platforms such as Gate.com.
2021: Project launch and early momentum phase. SUSHI reached its all-time high of $23.38 on March 14, 2021, marking the peak of initial market enthusiasm for the SushiSwap protocol.
2021-2025: Extended bear market and consolidation period. From the peak of $23.38 to the current price of $0.288, SUSHI has experienced a sustained decline of approximately 98.77% over the four-year period, reflecting the challenging market conditions in the cryptocurrency sector and shifting investor sentiment.
October 2025: Recent price floor formation. SUSHI reached its all-time low of $0.254831 on October 11, 2025, indicating potential support levels in the current market cycle.
As of December 18, 2025, SUSHI is trading at $0.288 with a market capitalization of $78.63 million and a fully diluted valuation of $82.85 million. The token ranks 389th by market cap with a market dominance of 0.0026%. Over the past 24 hours, SUSHI has declined 4.38%, with the price ranging between $0.2899 (low) and $0.3096 (high). The 24-hour trading volume stands at $157,973.03.
Short-term price momentum shows weakness across multiple timeframes: the 1-hour change is -6.29%, the 7-day change is -14.26%, the 30-day change is -35.99%, and the 1-year change is -85.79%. The circulating supply of SUSHI is 273,012,266.13 tokens out of a total supply of 287,676,365.31 tokens, with unlimited maximum supply.
The token is actively traded across 48 exchanges globally, with 125,670 token holders. Market sentiment indicates extreme fear conditions, reflecting prevailing risk aversion in the broader cryptocurrency market.
Click to view current SUSHI market price

2025-12-17 Fear and Greed Index: 16 (Extreme Fear)
Click to view current Fear & Greed Index
The cryptocurrency market is experiencing extreme fear with an index reading of 16. This historically low sentiment suggests investors are highly risk-averse and pessimistic about near-term price movements. Such extreme fear often presents contrarian opportunities, as markets typically recover from these fear-driven lows. However, traders should remain cautious and conduct thorough research before making investment decisions. Monitor market conditions closely on Gate.com for real-time data and analysis.

The address holdings distribution map illustrates the concentration of SUSHI tokens across blockchain addresses, revealing the extent to which token supply is concentrated among major holders versus distributed across the broader network. This metric serves as a critical indicator of decentralization and potential market vulnerabilities, as highly concentrated holdings can amplify price volatility and increase the risk of coordinated market movements.
Current analysis of SUSHI's holder structure reveals moderate concentration characteristics. The top five addresses collectively control approximately 35.59% of the circulating supply, with the largest holder (0xf977...41acec) commanding 17.58%. While this concentration level is notable, the distribution does not indicate extreme centralization, as the remaining 64.41% of tokens are dispersed among other addresses. This suggests a relatively balanced ecosystem where no single actor maintains overwhelming control, though the top holder's substantial position warrants ongoing monitoring for potential market impact scenarios.
The current address distribution pattern reflects a market structure typical of established DeFi protocols with institutional participation. The presence of significant holders alongside a distributed retail base creates a more stable on-chain ecosystem compared to protocols dominated by a handful of whales. However, the 17.58% concentration in the top address represents a meaningful threshold that could influence price dynamics during periods of high volatility or significant liquidation events, potentially creating asymmetric risk conditions for smaller holders.
Click to view current SUSHI Holdings Distribution

| Top | Address | Holding Qty | Holding (%) |
|---|---|---|---|
| 1 | 0xf977...41acec | 50595.32K | 17.58% |
| 2 | 0x8798...ff4272 | 18883.01K | 6.56% |
| 3 | 0x611f...dfb09d | 14107.51K | 4.90% |
| 4 | 0xa4b9...e1bf30 | 11905.45K | 4.13% |
| 5 | 0x5a52...70efcb | 6973.07K | 2.42% |
| - | Others | 185212.00K | 64.41% |
The forecast indicates a progressive appreciation trajectory with SUSHI potentially reaching $0.76 by 2030 under favorable conditions, reflecting growing confidence in decentralized finance infrastructure and governance token valuations.
| 年份 | 预测最高价 | 预测平均价格 | 预测最低价 | 涨跌幅 |
|---|---|---|---|---|
| 2025 | 0.36462 | 0.2871 | 0.22107 | 0 |
| 2026 | 0.44643 | 0.32586 | 0.17271 | 13 |
| 2027 | 0.55218 | 0.38614 | 0.28961 | 34 |
| 2028 | 0.48324 | 0.46916 | 0.43632 | 62 |
| 2029 | 0.62382 | 0.4762 | 0.35715 | 65 |
| 2030 | 0.75902 | 0.55001 | 0.37401 | 90 |
Technical Analysis Considerations:
Wave Trading Key Points:
SUSHI represents a governance token for the SushiSwap decentralized exchange protocol, offering holders participation rights and potential fee-sharing mechanisms. However, the token demonstrates significant downward price momentum (-85.79% annually) and faces structural challenges including unlimited supply potential and competitive pressure from other DEX protocols. Current market conditions suggest heightened caution, with the token trading near historical lows established in October 2025.
✅ Beginners: Limit positions to 0.5-1% of portfolio; participate in governance education before significant capital deployment; use Gate.com for secure, user-friendly trading and storage
✅ Experienced Investors: Consider 2-5% allocations as tactical governance plays; actively monitor protocol developments; implement strict stop-loss orders given downtrend momentum
✅ Institutional Investors: Evaluate 5-10% allocations contingent on protocol roadmap assessment; engage directly with governance participation; utilize Gate.com institutional services for optimized execution and custody
Cryptocurrency investment carries extreme risk and volatility. This report does not constitute investment advice. Investors must conduct independent research and assess personal risk tolerance before capital deployment. Consult qualified financial advisors regarding suitability. Never invest funds you cannot afford to lose entirely.
Yes, SUSHI has promising fundamentals as a leading decentralized exchange token with strong community backing and growing ecosystem adoption. Its future depends on sustained DeFi development and market conditions.
Yes, SUSHI prices are expected to rise. Increasing trading activity, growing ecosystem adoption, and limited token supply support upward price momentum in the coming period.
The all-time high of SUSHI coin is $23.25, reached before December 2025. This represents the peak price SUSHI has achieved since its inception.
SushiSwap currently faces bearish signals with a projected 53.20% decline over the next 3 months. Technical indicators suggest a sell, with price forecasted between $0.0767 and $0.184. Not recommended as a buy at current levels.











