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SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies.
In a week that has seen significant movements across the cryptocurrency landscape, one token on the SUI blockchain is making headlines for its meteoric rise—Suirum ($SUIR).
Sui Foundation updates its Request for Proposals program, offering new opportunities for developers through rolling cohorts and flash RfPs to address ecosystem needs.
SUI, the native coin of Layer-1 (L1) blockchain Sui Network, rallied to an all-time high of $2.36 on October 14. However, as profit-taking activity gains momentum, SUI has initiated a downward trend.
TL;DR BitGo expands its support for the Sui ecosystem with custodial services for Sui Naming Service (NS) and DeepBook (DEEP). Sui Naming Service facilitates the creation of more user-friendly onchain identities and DeepBook is a decentralized trading platform. The current price of Sui (SUI) is $2.06, with a change of 4.
Sui, a layer-1 blockchain platform, is under scrutiny after allegations surfaced that insiders may have profited from a recent increase in the value of its native token, SUI
The cryptocurrency market has recorded a strong bullish recovery over the past few days. This has resulted in the top altcoins breaking out of their major resistance level and heading toward a new ATH. Notably, the 19th largest cryptocurrency, Sui price has recorded a new ATH twice this year.
CYBRO's presale is skyrocketing, and at just $0.035, you're getting in at a massive discount before the token hits the market at $0.06.
The team behind the Solana (SOL) challenger Sui is pushing back against rumors that project insiders have sold off $400 million worth of SUI tokens. On Sunday, the pseudonymous crypto analyst known as Light claimed the layer-1 altcoin's insiders were selling off the token, pointing to a graph charting major SUI ICO wallet distribution.
BitGo extended support for Sui ecosystem, adding custody for NS and DeepBook, and enhancing decentralized identity & trading services.
The cryptocurrency market is experiencing renewed bullish momentum, with Bitcoin recently surpassing the $65,000 mark. Despite minor corrections, many crypto coins are witnessing a surge in demand.
During Tuesday's U.S. market session, the Aptos price analysis shows a 5% jump to hit a 6% month high of $10.7. The uptick offers APT buyers the next stepping stone for a potential extended rally, fueled by a golden crossover between the 50- and 200-day exponential moving averages.
The Sui Foundation insists that no employees of the organization or its core contributors are involved in any SUI sales except as permitted by the supply schedule.
The network dismissed the claims as unfounded, but skepticism within the community persists.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The Sui Foundation has firmly denied recent speculation alleging insider trading following a $400 million sale of SUI tokens during the latest price surge. The foundation emphasized that there has been no premature selling or breach of lock-up agreements in an Oct. 14 post on X.
SUI has experienced a strong rally, but analysts warn of a potential correction ahead due to technical signals.
A Sui Foundation's “infrastructure partner” was spotted selling $400 million worth of SUI tokens, raising market concerns and speculation. The whale has now prepared another $20 million worth of SUI in the wallet used for the ongoing selling spree.
Over the past 24 hours, the SUI price has seemingly hit a wall amid significant $400 million insider trading allegations, shaking investor confidence in the asset.
The Sui token has experienced a dramatic rise, with its value soaring by over 120% in the last month and currently trading at $2.17 as of October 15. This impressive surge has sparked growing interest from investors but has also raised concerns about potential insider selling.
TL;DR Allegations and Denial: The Sui Foundation faces accusations of insider trading involving $400 million in SUI tokens, which they strongly deny, attributing the sales to an infrastructure partner's lockup schedule. Market Performance: Despite the controversy, SUI has surged over 185% in 2024, reaching a new all-time high of $2.
The Sui Foundation has denied allegations that insiders sold $400 million worth of SUI tokens during the cryptocurrency's recent price surge.
Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocol's native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13. However, since this peak, the token has retreated by nearly 5%, largely due to growing concerns over allegations of insider selling among the project's stakeholders.
Binance, one of the world's leading cryptocurrency exchanges, revealed enhanced trade offerings for the tokens Sui & Turbo on Tuesday. Notably, the exchange revealed that it is listing new trading pairs and trading bots services for the mentioned tokens, sparking investor enthusiasm globally.
