The crypto market has shown signs of recovery over the last week, with top coins trending to the top of their range. However, the picture could turn red in the short term for some altcoins as unlocks season kick-off. As of this writing, Ethereum trades at around $1,900 with sideways price action in the last…
The crypto market once again experienced a sell-off this week, leading to a plunge in the price of many crypto assets. The impact of this market downturn is not limited to Bitcoin alone, as it has affected various cryptocurrencies, including Sui (SUI), a Layer 1 smart contract platform. Sui has witnessed a significant decline of…
Justin Sun, the vocal crypto supporter and co-founder of Tron and chief executive officer (CEO) of BitTorrent, says he will begin actively trading meme coins like PEPE. Justin Sun Eying Meme Coins In a tweet on May 11, Sun, known for being a crypto whale, actively holding and transferring colossal sums of coins in the…
Yesterday marked a new dawn in the crypto industry as the SUI Layer 1 blockchain launched on Mainnet with its hyped native token SUI. The news of the token launch on major exchanges brought excitement to the crypto community, and SUI did not disappoint as its native token rallied massively, recording over 2,000% in the…
According to the trader and analyst of the crypto market under the pseudonym “Googly,” the fallen crypto exchange FTX sold warrants for $884 million SUI tokens to Mysten Labs and preferred stock for less than $100 million in March. The paper valuation for the tokens is now worth $1 billion. The sale of the warrants…
SUI, one of the long-awaited blockchain token projects in the crypto community, finally launched earlier today. However, contrary to expectations, SUI has recorded a significant plunge in price as the trading went live on multiple exchanges. Over the past 4 hours since its launch, the token has declined by more than 30%. This price action…
Today is the day, the long-awaited launch of the next “Ethereum killer” SUI is taking place at 8:15 am EST (12:15 UTC). From a purely technical standpoint, SUI does a few things differently compared to Ethereum, and therefore the expectations are high. In addition to the bankrupt exchange FTX, the project has numerous notable backers,…
In the past couple of days, the mainnet launch of the Aptos blockchain and the accompanying airdrop made big waves in the crypto space. While the long-unknown tokenomics and token distribution have sparked a lot of controversy, airdrop beneficiaries have been able to enjoy free crypto. You missed the APT airdrop from Aptos and are…