What’s Behind the 18% SUI Price Rally?
SUI’s price is up 38% on the weekly chart, with a notable increase in futures open interest pointing to fresh capital inflows.
1H
-0.15%$0.0028
24H
-3.67%$0.0712
7D
29.9%$0.4304
30D
15.5%$0.2511
SUI’s price is up 38% on the weekly chart, with a notable increase in futures open interest pointing to fresh capital inflows.
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Mysten Labs co-founder Adeniyi Abiodun posted a video announcing the coming of private transactions on the Sui Network.
SUI rallied 21% following Coinbase’s New York listing approval, defying bearish pressure from its $86.86 million token unlock and outperforming rival altcoins.
The Sui Foundation introduces USDsui, a native stablecoin designed to retain yield from the network’s substantial transaction activity, moving away from third-party assets.
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
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