According to the latest data from KuCoin, the native token HAEDAL of Haedal Protocol, a liquid staking protocol on the Sui blockchain, has fallen approximately 90.48% from its all-time high of $0.3. Currently trading around $0.0286, the token has rebounded 27.83% from its all-time low of $0.02, suggesting potential bottom-fishing activity.
Price Action and Fundamentals
HAEDAL serves as the governance and utility token for Haedal Protocol, enabling users to participate in protocol governance, fee discounts, and staking rewards. Since its launch, the token experienced a dramatic drop from its ATH, significantly reducing its market cap. However, the recovery from ATL indicates some buying interest. As of May 25, 2026, the circulating supply is 395,833,333 HAEDAL, out of a maximum supply of 1 billion, implying a circulation rate of approximately 39.6%.
Market Implications and Outlook
Haedal Protocol is a key player in the Sui DeFi ecosystem, allowing users to stake SUI for stSUI and reuse it in various DeFi applications. If Haedal can grow its Total Value Locked (TVL) and user base, HAEDAL could see fundamental support. Yet, a >90% drawdown highlights early profit-taking and broader market correction. The token currently hovers near its historical bottom, and investors should monitor protocol revenue, staking ratios, and on-chain activity on Sui.
For storage, KuCoin offers custodial wallets; users may also opt for self-custody, hardware wallets, or cold storage. Long-term holders are advised to store tokens securely or deploy them in reliable DeFi yield strategies.
Conclusion
HAEDAL's price trajectory — a sharp rise, steep decline, and recent stabilization — is typical of many early-stage crypto assets. With nearly 400 million tokens already circulating, future unlocks could exert further selling pressure. Investors should assess their risk tolerance before making decisions.