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The claim surfaced as pseudonymous crypto analyst Lightcrypto alleged that insiders sold $400 million worth of Sui during the recent rally.
Reports of the Sui Foundation insider selling of more than $400 million worth of native tokens have come amid a staggering 104% SUI price rally over the past month. The Foundation has responded to this clearing the air on the matter with the native cryptocurrency SUI dropping 2% despite the broader market rally.
The Sui Foundation has strongly refuted allegations of insider token sales amounting to $400 million, as the SUI token reaches a new all-time high. This denial comes in response to claims made by an on-chain analyst named Light, who raised concerns for the sudden surge in the price of SUI.
The SUI token surged, leading to allegations of Sui insider trading by the crypto community.
A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger.
The native token for the Layer-1 blockchain network, Sui, is now the best-performing crypto in 2024 after over 6% gain in the last 24 hours. According to data shared by pseudonymous crypto trader ToreroRomero, SUI has overtaken The Open Network (TON) token Toncoin as the best performer year-to-date.
Layer-1 blockchain network Sui has become the standout performer in the crypto market after a more than 2x rise in value this year. According to CryptoSlate data, Sui's native token is up roughly 185% year-to-date, reaching an all-time high of over $2.2.
Toncoin held the top spot in year-to-date gains, but Sui has recently surged past, with an impressive 180% YTD growth.
TL;DR Sui has experienced a 120% increase in its value in a month, reaching $2.24, which has sparked investor interest. However, allegations of insider selling by investors have emerged, which could affect confidence in the token. Investors face a dilemma: capitalize on Sui's growth or consider the risk of market manipulation.
October greets multiple large-cap altcoins with impending $500M token unlock action: shall investors be concerned?
Sui (SUI) has surged to a new all-time high of $2.30 on Monday, driven by a spike in on-chain activity and increased interest in its blockchain capabilities.
Despite the concerns, the SUI token staged an over 120% rally in the past month.
Let's continue with our column on crypto analysis, with market statistics and news of SUI, Kaspa (KAS), and Ethereum (ETH).
As the SUI surged past $2, the bulls utilised all their strength to push the price beyond the current ATH. Now that the price has achieved new highs at $2.36 during the early trading hours, the traders appear to have become optimistic about the next price action.
SUI has shattered its all-time high with a staggering 452% rise, setting the stage for what some analysts are calling the next Solana. With lightning-fast transactions, native USDC support, and explosive ecosystem growth, SUI is making waves in the crypto space.
Here is how some of your favorite assets concluded the week.
Bitcoin's range-bound action looks set to continue, but SUI, APT, TAO, and WIF could rally higher over the coming days.
Despite increased price volatility in the crypto market, the SUI price has outperformed the top crypto projects by successfully achieving a new All-time High (ATH) during the early Asian trading hours. Notably, it has recorded a high of $2.28 with a trading volume of $1.18 billion.
The global crypto market staged a recovery last week, posting a 2.79% increase and closing with a market capitalization of $2.21 trillion. This surge added $60 billion to the market's overall valuation.
SUI, the cryptocurrency that has recently captured attention for its impressive performance, is now showing signs of fatigue after a remarkable 98% gain. With buying activity dwindling, analysts are speculating whether a decline could be on the horizon, potentially leading SUI to test crucial support at $1.70.
Sui (SUI) has been one of the most popular crypto assets of 2024, with notably high market gains and drastic price losses over the year. The altcoin is currently moving sideways following a recent price rally in the last week.
Sui (SUI) could witness a bullish breakout soon enough, with crypto traders betting on the crypto climbing above $2. SUI's fundamentals also paint a bullish picture for the crypto and indicate that it could be one of the best performers in this market cycle.
In the latest ‘Everything Crypto' podcast, the analyst fleshes out SUI price reaching its ATH, and what exactly drove the price upwards. He kept bullish sentiment on SUI prospects, mainly because the general trend for altcoins is always to outshine Bitcoin in this market cycle.
