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x.com

SUI has faced accusations for insiders dumping $400M worth of tokens in recent weeks, with people saying that insiders dumping the token it's not a good sign.

The link I've shared is from SUIs official response which explains that no "insiders" have sold that amount of tokens either individually or combined. They then go on to explain that there was a wallet belonging to an "infrastructure partner" who had indeed been selling this amount of tokens, but that this was an infrastructure partner, not an insider, and their token sell was legal.

I really like the comments on the post, which basically roast SUI for calling an infrastructure partner with $400M worth of tokens "not an insider"... I've added one of my favorite comments as the image, but there's a few good ones.

All fun aside, I don't think it matters much and that any VC backed coin like this is going to have similar stories... But please let me know what you think.

Sui is a new layer-1 chain that promises to operate at a speed and scale previously thought unattainable. It aims to “cater to the next billion users in web3” and offer decentralized application (Dapp) deployment, competing with existing smart contract chains like Ethereum.

SUI has faced accusations for insiders dumping $400M worth of tokens in recent weeks, with people saying that insiders dumping the token it's not a good sign. 

The link I've shared is from SUIs official response which explains that no "insiders" have sold that amount of tokens either individually or combined. They then go on to explain that there was a wallet belonging to an "infrastructure partner" who had indeed been selling this amount of tokens, but that this was an infrastructure partner, not an insider, and their token sell was legal. 

I really like the comments on the post, which basically roast SUI for calling an infrastructure partner with $400M worth of tokens "not an insider"... I've added one of my favorite comments as the image, but there's a few good ones. 

All fun aside, I don't think it matters much and that any VC backed coin like this is going to have similar stories... But please let me know what you think.

"Infrastructure Partner" Sells $400M Worth of Sui During Run-up

Blockbuster

ACE2ED61-0DCE-4E3C-9F38-70CEA2377C27.jpeg

Sui becomes best-performing digital asset YTD

Sui has made an incredible leap in the crypto world this year, with its value more than doubling. This rise has been fueled by its expanding DeFi ecosystem, growing stablecoin market, and innovative design. With a 185% increase year-to-date, Sui’s performance has outshined even major players like Bitcoin and Toncoin. Its cutting-edge object-based architecture is a game-changer, offering faster performance and attracting institutional interest, such as Grayscale’s Sui investment trust. As Sui continues to grow, it could soon challenge giants like Ethereum and Solana, solidifying its place among the top Layer-1 blockchains. However, concerns over insider trading from ICO wallets are something to watch. Overall, Sui’s rise shows the potential for new blockchain technologies to disrupt the market. I’m excited to see where Sui goes next—it’s quickly becoming a serious competitor in the crypto space.

Sui’s Surge: A New Leader in the Crypto Market

Crypto MeCh

Sui interest.jpeg

This was shared on SUI's X account. I have to say their marketing team is better than almost any other crypto company I've seen recently. SUI has definitely gained MY interest...

SUI Interest Over Time

SUI - Unlock Schedule & Tokenomics

I've seen this message on Telegram saying "Warning - Major altcoin unlock coming in Oct". It's true that SUI had a major unlock just now on Oct 1st, with 2.4% of the supply being unlocked, mostly for early investors. But it feels like this message was over hyped and not much is happening to SUI's price because of it. In fact SUIs price jumped UP about 10% in the last 24h. Maybe we don't need to panic so much when a trending project unlocks their tokens.

Here's some more background:

The 64.19 million SUI tokens, constituting 2.4% of the total circulating supply, will be unlocked on October 1st, 2024 at 8:00 AM UTC+8. These tokens are valued at approximately $106-108 million and will be allocated to early investors, contributors, and Mysten Labs' treasury, as well as the community reserves. This unlock is part of a scheduled release, and despite concerns over potential selling pressure, the SUI token has experienced significant growth leading up to the event. Its price surged over 100% in the last month, boosted by the launch of the Grayscale SUI Trust and upcoming integrations with stablecoins like USDC​. However, investors should still be cautious, as token unlocks can introduce volatility into the market.

Great resources to check out SUI and other project's token unlock schedules: https://token.unlocks.app/sui

I've seen this message on Telegram saying "Warning - Major altcoin unlock coming in Oct". It's true that SUI had a major unlock just now on Oct 1st, with 2.4% of the supply being unlocked, mostly for early investors. But it feels like this message was over hyped and not much is happening to SUI's price because of it. In fact SUIs price jumped UP about 10% in the last 24h. Maybe we don't need to panic so much when a trending project unlocks their tokens.

Here's some more background: 

The 64.19 million SUI tokens, constituting 2.4% of the total circulating supply, will be unlocked on October 1st, 2024 at 8:00 AM UTC+8. These tokens are valued at approximately $106-108 million and will be allocated to early investors, contributors, and Mysten Labs' treasury, as well as the community reserves. This unlock is part of a scheduled release, and despite concerns over potential selling pressure, the SUI token has experienced significant growth leading up to the event. Its price surged over 100% in the last month, boosted by the launch of the Grayscale SUI Trust and upcoming integrations with stablecoins like USDC​. However, investors should still be cautious, as token unlocks can introduce volatility into the market.

Great resources to check out SUI and other project's token unlock schedules: https://token.unlocks.app/sui

SUI's Major Token Unlock on Oct 1st (Does it Matter?)

Sui Bridge Goes Live on Mainnet Today

The Sui Bridge has launched today, allowing users to transfer assets between Ethereum and the Sui blockchain.

For now Users can bridge ETH and Wrapped ETH (WETH) from Ethereum to the Sui network. Additional assets and functionalities will be added in future updates to enhance cross-chain interoperability.

(I've been doing quite a bit of research today and have to say that SUI has fresh marketing and there's a lot of things happening around this ecosystem. Starting to become a fan... NFA. I hold a small SUI bag)

The Sui Bridge has launched today, allowing users to transfer assets between Ethereum and the Sui blockchain. 

For now Users can bridge ETH and Wrapped ETH (WETH) from Ethereum to the Sui network. Additional assets and functionalities will be added in future updates to enhance cross-chain interoperability.

(I've been doing quite a bit of research today and have to say that SUI has fresh marketing and there's a lot of things happening around this ecosystem. Starting to become a fan... NFA. I hold a small SUI bag)

SUI - ETH Bridge Goes Live on Mainnet Today

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SUI Surges: Echoes Solana's 2021 Bull Run, Hits $900M TVL!

Many have been drawing parallels between $SUI’s outperformance of other cryptocurrencies in its class to $SOL’s massive run up in 2021 (see technical analysis chart chosen from the linked article by Watcher.guru).

CT has been buzzing about $SUI, incl Raoul Pal who sits on the Sui Foundation. He has no qualms disclosing that he’s a huge bag holder, and gives good reasons behind his strong belief that $SUI is “THE chosen one” for this bull cycle. Watch him here:

https://x.com/general_sentali/status/1836756191365509363?s=46&t=d5nuVMonz8BX6y7xSWK5ag

Upon further research into why Sui has such potential - you’ll find enough reasons that reinforce this bullish outlook; and it’s not just about “high TPS” — these things differentiate SUI fundamentally:
Move language for dev-focused ease
User acquisition focus
Dynamic assets
Custom transfer policies
RWA-ready design

A comparison of metrics such as DAU (2k vs 5.4M) and TVL to Solana shows that there is much more room for growth.

Many have been drawing parallels between $SUI’s outperformance of other cryptocurrencies in its class to $SOL’s massive run up in 2021 (see technical analysis chart chosen from the linked article by Watcher.guru).

CT has been buzzing about $SUI, incl Raoul Pal who sits on the Sui Foundation. He has no qualms disclosing that he’s a huge bag holder, and gives good reasons behind his strong belief that $SUI is “THE chosen one” for this bull cycle. Watch him here:

https://x.com/general_sentali/status/1836756191365509363?s=46&t=d5nuVMonz8BX6y7xSWK5ag

Upon further research into why Sui has such potential - you’ll find enough reasons that reinforce this bullish outlook; and it’s not just about “high TPS” — these things differentiate SUI fundamentally:
- Move language for dev-focused ease
- User acquisition focus
- Dynamic assets
- Custom transfer policies
- RWA-ready design

A comparison of metrics such as DAU (2k vs 5.4M) and TVL to Solana shows that there is much more room for growth.

SUI Surges: Echoes Solana's 2021 Bull Run, Hits $900M TVL

Kawin Rungsimuntakul

The Sui Foundation just dropped some more hot news, a partnership with MoviePass that’ll let users pay for their movie binges with stablecoins. Oh, and Sui’s grabbing a little piece of the action too, taking an equity stake in MoviePass.

MoviePass, the "Netflix of cinema" will be leveraging USDC and going full Web3, with plans for on-chain rewards, digital collectibles, and how about this:

"The company also aims to let users “invest in films directly,” using Sui’s network as a backbone..."

That'll be pretty cool.

Read full: https://decrypt.co/249702/moviepass-crypto-pivot-sui-usdc-integration

The Sui Foundation just dropped some more hot news, a partnership with MoviePass that’ll let users pay for their movie binges with stablecoins. Oh, and Sui’s grabbing a little piece of the action too, taking an equity stake in MoviePass.

MoviePass, the "Netflix of cinema" will be leveraging USDC and going full Web3, with plans for on-chain rewards, digital collectibles, and how about this: 

*"The company also aims to let users “invest in films directly,” using Sui’s network as a backbone..."*

That'll be pretty cool.

Read full: https://decrypt.co/249702/moviepass-crypto-pivot-sui-usdc-integration

Sui’s about to make paying for your movie way cooler

Redmen

Sui just announced, it’s bringing USDC and CCTP natively to the network.

You know:
USDC is the heavyweight of dollar-backed stablecoins with a $35 billion market cap from Circle, as of Sep 17

CCTP? The no-permission-needed tool for moving USDC securely between blockchains, making cross-chain transactions smoother and safer.

Developers can soon tap into native USDC for all kinds of digital dollar-backed products in DeFi, gaming, DePIN, and ecommerce.

Interesting excerpt from the article:

"...Sui’s thriving DeFi environment, according to DeFi Llama on September 17th, boasts almost $700 million in Total Value Locked (TVL), over $250 million in bridged USDC, and a top 10 ranking in weekly DEX trading volume..."

https://en.cryptonomist.ch/2024/09/17/sui-to-launch-circles-native-usdc-and-cctp/

Sui just announced, it’s bringing USDC and CCTP natively to the network. 

You know: 
1. USDC is the heavyweight of dollar-backed stablecoins with a $35 billion market cap from Circle, as of Sep 17

2. CCTP? The no-permission-needed tool for moving USDC securely between blockchains, making cross-chain transactions smoother and safer.

Developers can soon tap into native USDC for all kinds of digital dollar-backed products in DeFi, gaming, DePIN, and ecommerce. 

Interesting excerpt from the article:

"...Sui’s thriving DeFi environment, according to DeFi Llama on September 17th, boasts almost $700 million in Total Value Locked (TVL), over $250 million in bridged USDC, and a top 10 ranking in weekly DEX trading volume..."

https://en.cryptonomist.ch/2024/09/17/sui-to-launch-circles-native-usdc-and-cctp/

Native USDC coming soon to Sui

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Grayscale, a leading cryptocurrency asset management firm, has announced the launch of its Grayscale SUI Trust, marking a major milestone for institutional investment in the altcoin space. This new trust is designed specifically for accredited investors, offering a unique entry point into SUI, a rising star in the crypto world.

In my opinion, this is a clear sign of where the future is heading for crypto. As more institutions like Grayscale enter the space, we’re likely to see even more substantial price movements and increased legitimacy for altcoins. For SUI, this could be the beginning of something big—especially with institutional players backing it. The market reaction is proof of how fast things can shift when big names get involved, and it signals that retail and institutional investors are becoming more aligned.

The impact was immediate—following the announcement, SUI’s price surged by 16.63%, climbing from $0.89 to $1.04. This rapid price increase underscores the powerful influence that institutional endorsements have on cryptocurrency valuations. The growing trend of institutional involvement in digital assets is pushing investor confidence higher, especially in altcoins like SUI.

Grayscale’s move into the SUI ecosystem not only provides more investment pathways but also reinforces the increasing legitimacy and acceptance of alternative cryptocurrencies within mainstream finance.

Source :https://coinjournal.net/news/grayscale-introduces-grayscale-sui-trust-boosting-sui-price/?utm_source=CryptoNews&utm_medium=app

Grayscale, a leading cryptocurrency asset management firm, has announced the launch of its Grayscale SUI Trust, marking a major milestone for institutional investment in the altcoin space. This new trust is designed specifically for accredited investors, offering a unique entry point into SUI, a rising star in the crypto world. 

In my opinion, this is a clear sign of where the future is heading for crypto. As more institutions like Grayscale enter the space, we’re likely to see even more substantial price movements and increased legitimacy for altcoins. For SUI, this could be the beginning of something big—especially with institutional players backing it. The market reaction is proof of how fast things can shift when big names get involved, and it signals that retail and institutional investors are becoming more aligned. 



The impact was immediate—following the announcement, SUI’s price surged by 16.63%, climbing from $0.89 to $1.04. This rapid price increase underscores the powerful influence that institutional endorsements have on cryptocurrency valuations. The growing trend of institutional involvement in digital assets is pushing investor confidence higher, especially in altcoins like SUI.

Grayscale’s move into the SUI ecosystem not only provides more investment pathways but also reinforces the increasing legitimacy and acceptance of alternative cryptocurrencies within mainstream finance. 


Source :https://coinjournal.net/news/grayscale-introduces-grayscale-sui-trust-boosting-sui-price/?utm_source=CryptoNews&utm_medium=app

Grayscale Launches SUI Trust, Boosting SUI Price by Over 16% 🚀

Crypto Bits

Overview:
   SUI is a blockchain project aiming to improve decentralized finance (DeFi) and decentralized applications (dApps).
   The analysis covers SUI's price trends, key support and resistance levels, and potential future movements.

Price Trends:
   SUI has shown significant price volatility since its launch.
   The coin has experienced a series of highs and lows, reflecting broader market trends and project-specific developments.

Support and Resistance Levels:
   Support Levels: Identified key support levels are crucial for the price to avoid further decline. These are levels where buying pressure has historically been strong enough to prevent further falls.
   Resistance Levels: High points where selling pressure has consistently emerged, causing price stagnation or reversal.

Technical Indicators:
   Moving Averages: The analysis uses moving averages to smooth out price data and identify trends. Short-term moving averages crossing above long-term ones can indicate a bullish trend, while the reverse suggests bearish sentiment.
   Relative Strength Index (RSI): Measures momentum and identifies overbought or oversold conditions. An RSI above 70 indicates overbought conditions, while below 30 suggests oversold conditions.
   MACD (Moving Average Convergence Divergence): Helps identify changes in the strength, direction, momentum, and duration of a trend.

Market Sentiment:
   Sentiment analysis reflects investor attitudes towards SUI and can influence price movements. Positive news and adoption can drive prices up, while negative developments can lead to declines.

Future Outlook:
   Short-term predictions are based on current trends and technical indicators, with potential price targets outlined.
   Long-term prospects depend on broader market conditions, adoption rates, and project advancements.

Soruce:https://coinmarketcap.com/community/articles/66df38da15c4534880c05c6e/#technical-analysis-of-sui-crypto

1. **Overview:**
   - SUI is a blockchain project aiming to improve decentralized finance (DeFi) and decentralized applications (dApps).
   - The analysis covers SUI's price trends, key support and resistance levels, and potential future movements.

2. **Price Trends:**
   - SUI has shown significant price volatility since its launch.
   - The coin has experienced a series of highs and lows, reflecting broader market trends and project-specific developments.

3. **Support and Resistance Levels:**
   - **Support Levels:** Identified key support levels are crucial for the price to avoid further decline. These are levels where buying pressure has historically been strong enough to prevent further falls.
   - **Resistance Levels:** High points where selling pressure has consistently emerged, causing price stagnation or reversal.

4. **Technical Indicators:**
   - **Moving Averages:** The analysis uses moving averages to smooth out price data and identify trends. Short-term moving averages crossing above long-term ones can indicate a bullish trend, while the reverse suggests bearish sentiment.
   - **Relative Strength Index (RSI):** Measures momentum and identifies overbought or oversold conditions. An RSI above 70 indicates overbought conditions, while below 30 suggests oversold conditions.
   - **MACD (Moving Average Convergence Divergence):** Helps identify changes in the strength, direction, momentum, and duration of a trend.

5. **Market Sentiment:**
   - Sentiment analysis reflects investor attitudes towards SUI and can influence price movements. Positive news and adoption can drive prices up, while negative developments can lead to declines.

6. **Future Outlook:**
   - Short-term predictions are based on current trends and technical indicators, with potential price targets outlined.
   - Long-term prospects depend on broader market conditions, adoption rates, and project advancements.

Soruce:https://coinmarketcap.com/community/articles/66df38da15c4534880c05c6e/#technical-analysis-of-sui-crypto

Technical Analysis of SUI Crypto

CRN Crypto

$SUI is currently in a clear “head and shoulders” TA pattern.

I’ve opened a short position at 40x and am up over 50% as at
7:00am (UTC) 21 July 2024

TNFA DYOR

**$SUI is currently in a clear “head and shoulders” TA pattern.**

I’ve opened a short position at 40x and am up over 50% as at 
7:00am (UTC) 21 July 2024

TNFA DYOR

Memeby

$SUI Macro chart

Now it’s an amazing opportunity to accumulate $SUI for this Bull Run

-74% correction from the March Top that took 100+ days is enough for a medium term correction 👌
I think $SUI established a macro Higher Low here.
Now Up Only 🚀

🎯 Macro Target 1 - $5.7
🎯 Macro Target 2 - $10.8
🎯 Macro Target 3 - $20.0

Bull Market Top / Optimistic Scenario : $20-30 Q4 2025

$SUI Macro chart

Now it’s an amazing opportunity to accumulate $SUI for this Bull Run

-74% correction from the March Top that took 100+ days is enough for a medium term correction 👌
I think $SUI established a macro Higher Low here. 
Now Up Only 🚀

🎯 Macro Target 1 - $5.7
🎯 Macro Target 2 - $10.8
🎯 Macro Target 3 - $20.0

Bull Market Top / Optimistic Scenario : $20-30 Q4 2025

CryptoDan

Sui, a cutting-edge Layer 1 blockchain, aspires to redefine the narrative of speed and scalability in the blockchain space. Positioned as a contender for the next billion users in web3.

The Sui Foundation, an independent entity dedicated to advancing the Sui network, collaborates with Mysten Labs—the team behind the Sui protocol. Boasting a team including CEO Evan Cheng's extensive background at Apple and Facebook.

Sui's recent mainnet launch (May 3, 2023) and partnerships signal progress, with the collaboration between Turbos Finance and Dao Maker promising growth.

The SUI token has impressive metrics, but there are concerns about tokenomics clarity, generic descriptions, and discrepancies in circulating supply information.

Sui's community, notably on Twitter and Discord, exhibits a blend of enthusiasm and dissatisfaction.

Sui emerges as a promising project with a robust technical backbone. While facing challenges in community management and adoption, its unique features and partnerships position it for a compelling trajectory.

With room to grow on many levels I give Sui a 4/5 rating given its strength and potential.

Sui, a cutting-edge Layer 1 blockchain, aspires to redefine the narrative of speed and scalability in the blockchain space. Positioned as a contender for the next billion users in web3.

The Sui Foundation, an independent entity dedicated to advancing the Sui network, collaborates with Mysten Labs—the team behind the Sui protocol. Boasting a team including CEO Evan Cheng's extensive background at Apple and Facebook.

Sui's recent mainnet launch (May 3, 2023) and partnerships signal progress, with the collaboration between Turbos Finance and Dao Maker promising growth.

The SUI token has impressive metrics, but there are concerns about tokenomics clarity, generic descriptions, and discrepancies in circulating supply information. 

Sui's community, notably on Twitter and Discord, exhibits a blend of enthusiasm and dissatisfaction. 

Sui emerges as a promising project with a robust technical backbone. While facing challenges in community management and adoption, its unique features and partnerships position it for a compelling trajectory. 

With room to grow on many levels I give Sui a 4/5 rating given its strength and potential.

Cryptocurist

We launched an NFT project on SUI and we really know the community there.
Unfortunately, they have lost big part of their community and the projects that launched there.

I think that the technical solution is pretty useful, fast and optimized. But this is not enough when it comes to generate loyalty and users interest.

Frank

I'm thrilled to be back guyss 🤘🏾 and ready to provide you with insightful information and friendly analysis. Today, I'm excited to present a micro review of the Sui blockchain.

Sui shines bright in the realm of interoperability. With a keen eye on the fragmented nature of the blockchain landscape, Sui aims to bridge the gap between various blockchain networks, enabling seamless communication and data transfer. Picture a world where different blockchains work in harmony, unlocking unprecedented possibilities for users and developers to create interconnected applications that transcend traditional boundaries.

Sui presents a compelling vision for the future of blockchain technology. With its focus on scalability, interoperability, and user experience, Sui has the potential to revolutionize the way we interact with blockchain applications.

Keep an eye on Sui—it could be the catalyst for the next wave of blockchain innovation! Hence the 5 stars winkwink

I'm thrilled to be back guyss 🤘🏾 and ready to provide you with insightful information and friendly analysis. Today, I'm excited to present a micro review of the Sui blockchain.

Sui shines bright in the realm of interoperability. With a keen eye on the fragmented nature of the blockchain landscape, Sui aims to bridge the gap between various blockchain networks, enabling seamless communication and data transfer. Picture a world where different blockchains work in harmony, unlocking unprecedented possibilities for users and developers to create interconnected applications that transcend traditional boundaries.

Sui presents a compelling vision for the future of blockchain technology. With its focus on scalability, interoperability, and user experience, Sui has the potential to revolutionize the way we interact with blockchain applications. 

Keep an eye on Sui—it could be the catalyst for the next wave of blockchain innovation! Hence the 5 stars *wink**wink*

Sui SUI

Permissionless, PoS Layer 1