SUI Records Substantial 120% Price Surge, But Insider Selling Claims Raise Red Flags

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.

SUI Faces A Pullback: Here Are Potential Bullish Turnaround Points

SUI is experiencing a notable pullback after its recent rally, with multiple key support levels coming into focus. As the price edges lower, these areas will play a pivotal role in determining whether the asset can regain its bullish momentum.

Massive Redistribution: Sui Foundation Retrieves 117 Million SUI Tokens From Market Makers

The Sui (SUI) Foundation has announced its latest initiative to strengthen its decentralized finance (DeFi) ecosystem, reclaiming 117 million SUI tokens worth $51. 3 million from external market makers.

Sui Foundation Dumps MovEX After Contract Violation

Sui Foundation has ended its relationship with the decentralized exchange MovEX following a breach of contract. The foundation alleged that MovEX had released a significant amount of SUI tokens – subject to a contractual lockup – into circulation.

SUI Continues Rally As Sui 8192 Web3 Game Fuels Blockchain Activity To Hit New Peak

Sui Foundation Refutes Claims Of Dumping Locked Staking Rewards On Binance

The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in.