What Is Sudeng (HIPPO)?

Core Idea: Sudeng (HIPPO) is a memecoin created to honor Su Deng (Moo Deng), the world’s cutest pygmy hippo from Thailand’s Khao Kheow Open Zoo.

Network: SUI (a high-performance Layer-1 blockchain).

Unique Aspect: Under new community management, the project aims to create social impact by donating a portion of profits (reported as around 30%) to

wildlife conservation causes, beginning with Khao Kheow Open Zoo.

Team and Founders

• Anonymous Developers: Like many memecoins, Sudeng (HIPPO) was launched by anonymous developers whose identities have not been disclosed.
• New Management: Following a community takeover, the project is now managed collectively by community members rather than a centralized team.
• Transparency: While anonymity is common in the memecoin space, it remains an important factor to consider for long-term sustainability and trust.

Investors and Partnerships

• Traditional Investment: Sudeng (HIPPO) has no backing from major venture capital firms or institutional investors. Growth relies primarily on community support and market participation.
• Charitable Partnership: Its most notable collaboration is with the Khao Kheow Open Zoo, where a portion of profits is directed to wildlife care and protection.
• Exchange Partnerships: The token’s availability on multiple major exchanges—such as Gate, KuCoin, HTX, Bitget, and SUI-based DEXs like Cetus—provides liquidity and accessibility.

Project Concept

Sudeng (HIPPO) combines meme culture, community engagement, and philanthropy inspired by Moo Deng’s global charm. With the slogan “No cats, no dogs, only hippo!”, the project directs part of its revenue to animal sanctuaries, clean water projects, and orphanage support. SUI’s low-fee, high-speed blockchain enables scalability and viral expansion.

Concept: To merge internet virality with social purpose, centered around Moo Deng—the internet’s most beloved baby hippo.
Goal: To create a humorous yet meaningful digital asset that contributes to real-world wildlife protection initiatives.

How the Project Works

1. SUI Blockchain: HIPPO operates on SUI, a high-performance Layer-1 blockchain offering sub-second finality and low transaction fees. Its Narwhal-Bullshark consensus ensures scalability, allowing smooth trading even under heavy load.
2. Token Functionality: HIPPO is a simple fungible token built on SUI, designed for fast, cost-efficient transactions.
3. Community Growth: The project’s visibility depends on social media virality, primarily through Twitter (X), Telegram, and Discord.
4. Charity Mechanism: Although the exact model isn’t fully detailed, the project allocates part of trading or treasury proceeds to charitable donations on a recurring basis.

Governance

Model: Sudeng (HIPPO) follows a community-driven model. Decisions—such as donation allocations, marketing initiatives, or future integrations—are expected to be discussed and voted on by token holders.

Current Stage: Like most new memecoins, an official on-chain DAO governance system is not yet implemented. Decisions are currently led by active community members.

Roadmap

While memecoins often prioritize community and virality over technical milestones, Sudeng (HIPPO)’s roadmap includes:

• Launch & Virality: Token creation, liquidity setup, and initial viral growth (completed).
• Growth & CEX Listings: Expansion through major centralized exchange listings (achieved).
• Charity & Ecosystem Expansion: Execution of donation programs, NFT and staking feature development.
• SUI Integration: Building collaborations within the broader SUI ecosystem.

For official updates, users should follow the project’s website and social media channels (especially Twitter/X).

Token Utility

Despite being a memecoin, HIPPO introduces several practical utilities:

• Speculation & Value Transfer: Acts as a tradable digital asset.

• Community Governance: Potential for use in future voting mechanisms.

• Charitable Support: Encourages holders to indirectly support wildlife conservation through community participation.

• Ecosystem Participation: Possible future roles in NFT mints, staking, and dApp integrations.

Token Information

• Total Supply: 10 Billion HIPPO

• Max Supply: 10 Billion HIPPO

• Circulating Supply: 10 Billion HIPPO

• 24h Volume/Market Cap: 20.65%

Token Distribution

As with most memecoins, the distribution is simple and transparent:

• Community/Public Allocation: Majority of tokens were released to the public at launch.

• Liquidity Pool: A portion reserved for DEX liquidity.

• Treasury/Charity: Funds allocated for marketing, donations, and ecosystem growth.

No vesting or lock-up mechanisms have been announced, meaning most tokens are freely circulating.

Ecosystem

HIPPO’s ecosystem is built on the SUI blockchain:

• SUI Network: Provides the foundation for fast, inexpensive transactions.

• DEX Platforms: Trading primarily on Cetus and other SUI-native decentralized exchanges.

• Community Hubs: Twitter (X) and Telegram serve as main communication and engagement channels.

• Charity Links: Khao Kheow Open Zoo and future wildlife initiatives anchor the project’s real-world impact.

Key Features

• SUI-Based Infrastructure: Scalable, efficient, and eco-friendly Layer-1 foundation.

• Meme Culture Integration: High viral potential with strong community engagement.

• Charitable Mission: A portion of profits donated to wildlife protection.

• Community-Driven Ecosystem: Partnerships with AVA Studio enable AI-powered creative content and reward systems.

• High Liquidity: Listed on multiple top-tier centralized and decentralized exchanges.

Important Note

Sudeng (HIPPO) is a memecoin—its value depends largely on social sentiment and viral momentum rather than technical fundamentals.

Risks:

• High price volatility due to market sentiment.

• Anonymous founding team may pose long-term project risks.

This overview is for informational purposes only and does not constitute investment advice. Always conduct your own research before investing in cryptocurrencies.

Official Links

• Website
• Twitter
• Telegram

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In recent days, some projects within the Sui Ecosystem have made headlines due to adverse events, such as hacks, but these incidents do not overshadow the ecosystem’s overall potential. For instance, projects like Cetus Protocol are showing signs of recovery despite challenges. In this article, we will explore the prominent altcoins in the Sui Ecosystem in detail, covering their purpose and current financial metrics.

Prominent 8 Altcoins in the Sui Ecosystem

1. Cetus Protocol (CETUS)

Cetus Protocol is a decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchains. It offers DeFi users more efficient trading and liquidity provision opportunities. Cetus contributes to the ecosystem through liquidity pools, aiming to create a sustainable platform for both developers and investors. Currently, Cetus is priced at $0.1162, with a market capitalization of $95.42 million and a fully diluted valuation of $116.22 million.

2. DeepBook Protocol (DEEP)

DeepBook Protocol is designed as the native liquidity layer of the Sui network, functioning as a fully on-chain central limit order book (CLOB) protocol. Thanks to Sui’s parallel transaction execution model, orders are processed with low latency, averaging 390 milliseconds, making it ideal for high-frequency and high-volume transactions. DeepBook enables DeFi protocols and wallets to access a shared liquidity pool, forming a foundational infrastructure for the ecosystem. DeepBook’s current price is $0.1925, with a market capitalization of $641.32 million and a fully diluted valuation of $1.92 billion.

3. Haedal Protocol (HAEDAL)

Built on the Sui blockchain, Haedal Protocol stands out as an innovative liquid staking protocol. Users can stake their SUI tokens to contribute to the network’s security while receiving haSUI, liquid staking tokens, in return. These tokens allow users to freely utilize their assets within the DeFi ecosystem, eliminating the limitations of traditional staking methods. The Haedal Protocol excels with a system that maximizes capital efficiency and offers sustainable yield opportunities through protocol-based solutions like the Haedal Market Maker (HMM). This makes it more than just a staking platform, providing a comprehensive DeFi infrastructure. Currently priced at $0.1689, the protocol has a market capitalization of $35.4 million and a fully diluted value (FDV) of $166.58 million. Haedal Protocol continues to take innovative steps in the world of liquid staking and DeFi on the Sui blockchain.

4. Scallop (SCA)

Scallop is a lending and borrowing platform built on the Sui blockchain. It provides users with various financial tools within the decentralized finance (DeFi) space. Distinguished by its enterprise-grade infrastructure and high security features, Scallop was one of the first DeFi projects to receive a grant from Sui in 2022. Its interoperability and innovative approach set it apart in the ecosystem. Scallop is currently priced at $0.1291, with a market capitalization of $15.17 million and a fully diluted valuation of $32.28 million.

5. Bluefin (BLUE)

Bluefin is a decentralized spot and derivatives trading platform operating on the Sui blockchain. It offers users fast, low-cost, and secure transactions. The BLUE token is used for transaction fees, staking, and governance. Supported by smart contracts, the platform provides a user-friendly experience for spot and derivatives trading. Bluefin’s price is $0.09516, with a market capitalization of $29.08 million and a fully diluted valuation of $95.16 million.

6. Walrus (WAL)

Walrus is a DeFi platform on the Sui blockchain that offers programmable data storage and private transactions. The WAL token supports anonymous transactions and interactions with decentralized applications (dApps), prioritizing privacy. Contributing to the ecosystem with decentralized storage solutions, Walrus stands out with its innovative approach. Walrus is priced at $0.4270, with a market capitalization of $590.32 million and a fully diluted valuation of $2.13 billion.

7. Fud the Pug (FUD)

Fud the Pug is a meme coin project within the Sui ecosystem. With a fun and memorable brand identity, FUD aims to go beyond being just a joke token by rewarding early NFT communities and developers. Operating with the motto “by the people, for the people,” FUD offers a community-driven structure. FUD’s price is $0.00000004051, with a market capitalization of $2.33 million and a fully diluted valuation of $4.05 million.

8. Blub (BLUB)

BLUB is a meme coin developed on the Sui blockchain with a total supply of 420.69 trillion. It aims to attract new users to the crypto space with a fun approach. Leveraging Sui’s fast and low-cost infrastructure, BLUB facilitates ease of use in DeFi projects and offers a strong tokenomic structure. BLUB’s price is $0.00000003253, with a market capitalization of $10.52 million and a fully diluted valuation of $13.68 million.

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What is DeepBook Protocol (DEEP)?

DeepBook is a fully on-chain central limit order book (CLOB) protocol designed as the native liquidity layer of the Sui Network. Thanks to Sui’s parallel transaction execution model, orders are processed with low latency (averaging 390 milliseconds), enabling microsecond-level matching. This makes it ideal for high-frequency and high-volume transactions. DeepBook allows all DeFi protocols and wallets to access a shared liquidity pool, consolidating liquidity rather than fragmenting it. Similar to Uniswap’s role in Ethereum, it provides a foundational infrastructure within the Sui ecosystem.

Key Features

• Deep and Shared Liquidity: All Sui dApps access the same order book, concentrating liquidity.

• Better Price Execution: The CLOB model supports limit orders and advanced market-making with minimal slippage.

• High Throughput, Low Fees: Sui’s object-based design delivers high-speed matching with low transaction fees.

• Composability: Developers can integrate DeepBook via simple APIs to build lending, leveraged trading, or derivative products.

• Transparent On-Chain Data: Every order, cancellation, and match is recorded on the Sui blockchain, ensuring full transparency.

How Does DeepBook Protocol (DEEP) Work?

DeepBook operates as an on-chain CLOB, matching buyer and seller orders like traditional exchanges. Unlike AMMs’ constant product curve, it offers price-time priority with deterministic execution. The DEEP token strengthens the ecosystem by providing incentives for liquidity providers (makers) and discounted transaction fees for takers. Two key mechanisms keep liquidity deep and spreads tight:

1. Dynamic Fee Structure: Everyone starts with a standard fee, but takers who stake a certain amount of DEEP tokens and exceed a trading volume threshold receive a 50% fee discount, reducing costs for active traders.

2. Market Maker Incentives: Makers staking DEEP earn higher token rebates during low-liquidity periods, providing counter-cyclical incentives to balance liquidity.

Wallets without staked DEEP pay full fees and receive no rewards, aligning incentives between serious liquidity providers and the protocol. At the end of each epoch, fees not redistributed as maker incentives are permanently burned, making the DEEP token deflationary. Additionally, DEEP stakers govern pool-specific fee bands and staking requirements. A concave voting system ensures smaller investors have a meaningful voice.

Why is DeepBook (DEEP) Important?

DeepBook positions itself as a core liquidity hub in the Sui Network’s DeFi ecosystem. Its on-chain structure maximizes programmability, interoperability, and composability advantages. DeepBook v3 enhances performance with features like flash loans, advanced matching algorithms, and governance. Liquidity providers gain greater price control compared to AMM models, making it appealing to sophisticated market makers. Combined with Sui’s low fees and high transaction speeds, DeepBook is an ideal DeFi platform for both individual and institutional investors.

Why It Matters

• Deep Liquidity: Shared pools reduce slippage for large orders.

• High Speed and Low Cost: 390 ms transaction times and low fees.

• Security: Comprehensive audits, bug bounty programs, and expert reviews.

• Community Governance: DEEP token holders shape the protocol’s future.

• Ecosystem Integration: Compatibility with platforms like Aftermath Finance, KriyaDEX, Cetus, and FlowX.

How to Use DeepBook (DEEP)?

To use DeepBook, you first need to acquire DEEP tokens by bridging assets like USDC to a Sui wallet. DEEP can be purchased on exchanges like Gate.io, Bybit, or through DeepBook’s DEEP/USDC pair. Users can stake DEEP tokens to participate in governance, earn fee discounts, or provide liquidity for rewards. Developers can use DeepBook’s APIs to build their own DeFi applications.

Getting Started

1. Bridge USDC to a Sui wallet.

2. Purchase DEEP from supported exchanges or DeepBook’s interface (e.g., Turbos, Navitrade).

3. Stake DEEP tokens to participate in governance or earn rewards.

4. Trade in DeepBook’s liquidity pools or integrate with dApps.

DeepBook Ecosystem

DeepBook is integrated with numerous DeFi protocols in the Sui ecosystem. Platforms like Aftermath Finance, KriyaDEX, Cetus, FlowX, Turbos Finance, and 7K Aggregator connect to DeepBook’s shared order book, providing deep liquidity. This enables Sui dApps to share liquidity and enhance user experience.

DEEP Tokenomics

The DEEP token is used for transaction fees, liquidity incentives, and governance. The total supply is 10 billion DEEP, distributed as follows:

• 61.6%: Community airdrop.

• 10%: Initial airdrop.

• 7.5%: Early contributors.

• 10%: Mysten Labs.

• 10.9%: Liquidity-backing partners.

Emissions taper over four years, with monthly vesting for contributors and quarterly unlocks tied to on-chain volume milestones. DEEP was launched in 2024 via DBClaimNFTs, distributed to over 100,000 users.

DeepBook Protocol (DEEP) Ecosystem Partners

DeepBook Protocol (DEEP) collaborates with various partners to enhance its ecosystem on the Sui Network. Lotus Finance offers advanced trading strategies and high-yield strategy vaults as a DeFi platform. DeepTrade is a community-driven, open-source decentralized order book exchange built on DeepBook. Axelar provides cross-chain interoperability, enabling DeepBook to integrate seamlessly with multiple blockchain networks.

DeepBook Protocol (DEEP) Team

The DeepBook Protocol (DEEP) team includes key contributors who drive the development of its decentralized finance (DeFi) platform on the Sui Network. Aslan Tashtanov, Manolis Liolios, and Tony Lee are pivotal figures supporting the protocol’s innovative liquidity solutions. This team bolsters DeepBook’s technical and strategic advancements.

Where is DeepBook Protocol (DEEP) Listed?

DeepBook Protocol (DEEP) token is listed on leading cryptocurrency exchanges such as Gate.io and Bybit.

Official Links

• DeepBook Protocol (DEEP) Website
• DeepBook Protocol (DEEP) X (Twitter)
• DeepBook Protocol (DEEP) Whitepaper

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To celebrate these listings, an “Sui Ecosystem Quests” campaign has been launched with a total reward pool of $80,000.

Trading Start Date

Spot trading begins on May 29, 2025, at 08:00 UTC.

Backpack Launches Sui Ecosystem Quests with $80,000 in Rewards!

Backpack users will have a chance to earn a share from the reward pool by trading in the designated token pairs. A separate quest pool has been created for each token, and the top 300 traders by volume in each pool will receive rewards.

Participation Requirements and Steps

Campaign Duration:
May 29, 2025, 08:00 UTC – June 4, 2025, 00:00 UTC

Who Can Join?
All Backpack Exchange users can participate in the campaign.

How to Join?

1. Trade WAL, DEEP, SEND, BLUE, HAEDAL, and NS token pairs during the campaign period.

2. After the period ends, the system will automatically calculate your trading volume.

3. Eligible winners will be able to claim their rewards by logging into their Backpack accounts.

Reward Pools and Distribution

• WAL Trading Quest: Top 300 users will share 38,500 WAL tokens.

• DEEP Trading Quest: Top 300 users will share 112,500 DEEP tokens.

• SEND Trading Quest: Top 300 users will share 16,000 SEND tokens.

• BLUE Trading Quest: Top 300 users will share 102,500 BLUE tokens.

• HAEDAL Trading Quest: Top 300 users will share 55,000 HAEDAL tokens.

• NS Trading Quest: Top 300 users will share 49,000 NS tokens.

For users interested in projects aligned with the Sui ecosystem, this campaign offers a great opportunity to gain trading experience and earn token rewards.

This content is not investment advice. Markets carry high risk, and it’s important to conduct your own research before making any investment decisions.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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Following several technical analyses and on-chain data reports shared on X (formerly Twitter), investor concerns have grown. Independent analysts have pointed to unusual transaction patterns traced to specific wallet addresses, raising suspicions of a potential exploit being underway.

Sharp Price Decline in SUI and CETUS Tokens

After the news spread through social platforms, $SUI dropped by 3.8%, showing a swift negative response. The most significant impact, however, was seen in CETUS, the token at the heart of the incident. Cetus coin plummeted by approximately 40% within the same period, triggering alarm among holders.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

This downturn has dealt a blow not only to investor confidence in Cetus, but also to the overall reputation of the SUI network. Trading volumes surged as some investors scrambled to exit positions and shift funds to alternative protocols in an effort to minimize losses.

Official Statement Pending, All Eyes on Cetus Team

All attention is now on the Cetus Protocol team and their pending response. If the alleged exploit is confirmed, it will mark a serious reputational test not just for Cetus but for the broader SUI ecosystem. It may also prompt a renewed focus on smart contract security across other DeFi projects.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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You can access more information about the project by visiting its website. Click here to go to the website.

What is BLUB?

BLUB is a meme token with a total supply of 420.69 trillion. The project’s goal is to attract new users to the crypto space in an enjoyable and easy way while ensuring usability within DeFi projects. The project utilizes the fast and low-cost structure of the Sui blockchain, making the token more accessible.

How Does BLUB Work?

The core principle of BLUB’s operation is community-driven activities and interaction via DeFi applications. The token can be used for both investment and trading purposes. Users can trade BLUB on various decentralized platforms, earn rewards, and contribute to the growth of the ecosystem.

What is the Purpose of BLUB?

The project’s purpose goes beyond being just a meme token; it aims to provide a highly interactive platform for users. BLUB seeks to expand its community and drive more adoption by leveraging the fun side of the token. It also aims to integrate with DeFi projects with its low transaction fees and fast transfer times.

Who Founded BLUB?

Specific details about the team behind the project are not available, but typically, such projects are led by anonymous teams. The team has utilized the advantages provided by the Sui blockchain to develop the technical infrastructure of the project.

Who Are the Investors in BLUB?

BLUB has not been linked to large-scale institutional investors yet, but it is a community-supported project. Meme token projects usually attract individual investors, and this is also true for BLUB.

BLUB Tokenomics

BLUB’s total supply is set at 420.69 trillion, with 77% of it already in circulation. Due to its limited maximum supply, the token has the potential for an increase in value as demand rises. The token is primarily used for rewards and liquidity provision. Additionally, it aims to keep transaction costs low and make token transfers easier.

You can purchase it through the SuiVision website. Click here to access the correct website.

BLUB’s Potential

BLUB offers an innovative approach within the meme token category. It stands out with fast and low-cost transactions on the Sui blockchain. However, the project heavily relies on active participation and support from its community. Due to the nature of meme token projects, there is high volatility and uncertainty. BLUB’s future success depends on community interaction, the addition of new use cases, and potential partnerships.

BLUB’s fun nature and accessibility could be a strong tool to attract new users to the crypto world. However, investors should always proceed with caution and conduct thorough research when evaluating the project.

Where to Buy BLUB?

You can purchase BLUB, the meme coin of the Sui ecosystem, from swap platforms such as Cetus and Turbos Finance, as well as exchanges like Mexc and Coinx.

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What is AAACAT?

AAACAT is a meme token project built on the SUI blockchain, designed with a fun and creative approach to attract users’ attention. The project, launched in 2024, gained recognition through its connection to the meme culture by featuring an image of a black cat. Initially starting as a test token, AAACAT has quickly grown, garnering a broad community following.

• Website Access: For more details, you can visit the project’s website (link provided).

How Does AAACAT Work?

AAACAT leverages the SUI blockchain’s advantages, including low transaction fees and high-speed processing, to offer a smooth user experience. Users can engage with AAACAT on decentralized finance (DeFi) platforms on the SUI network, participate in liquidity pools, and also trade the token on decentralized exchanges (DEXs) and centralized exchanges (CEXs).

• SUI Wallet Setup: To get started, you can set up a SUI wallet (link provided).

What is AAACAT’s Purpose?

The primary purpose of AAACAT is to provide entertainment and foster community interaction through meme token culture. However, it also aims to develop innovative applications on the SUI blockchain, offering users an opportunity to experience blockchain technology while having fun. By doing so, AAACAT has the potential to attract new users to the SUI ecosystem.

Who Created AAACAT?

AAACAT was created as part of Sui Name Service, and its creation is attributed to a user known as Drippy. The project started as a creative experiment where a black cat image was tokenized, capturing the attention of the community. What began as a joke rapidly grew into a widespread initiative with a large user base.

Who Are the Investors in AAACAT?

AAACAT has attracted individual crypto investors as well as users interested in the SUI ecosystem. Key backers include Turbos Finance, CoinGecko, and CoinMarketCap. The meme token nature of AAACAT enables a more flexible and expansive community structure, and the project’s integration with the SUI blockchain has brought in supporters from the broader ecosystem, making them potential investors.

AAACAT Tokenomics

AAACAT has a maximum supply of 10 billion tokens. Here’s a breakdown of its distribution:

• Community & Liquidity Pools: A significant portion is allocated to increase liquidity and facilitate user access to the project.
• Developer Reserves: A portion is reserved to ensure the project’s sustainability and to fund new developments.
• Airdrops & Rewards: Some tokens are distributed as rewards to boost user engagement.

Current Market Data

• Market Cap: $14,754,801
• Maximum Supply: 10,000,000,000 tokens
• Total Supply: 10,000,000,000 tokens
• Current Price: $0.001466 per AAACAT token

In conclusion, AAACAT is an intriguing meme token project within the SUI ecosystem, driven by community engagement and the technological benefits of the blockchain. While the project aims to bring fun and innovation to the space, its future success will depend on its ability to maintain community support and deliver on its promise of integrating blockchain in exciting ways.

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In recent days, Sui has been on the agenda with both positive developments and some controversial allegations. In particular, insider selling allegations on social media have attracted the attention of investors. However, the Sui Foundation flatly denied these allegations. The foundation said that no one at the foundation or main contributor Mysten Labs sold $400 million worth of tokens during the recent price spikes.

“Neither insiders, nor the Foundation, nor Mysten Labs employees (including the founders of Mysten Labs), nor ML investors, individually or collectively, sold $400 million worth of tokens during this period,” the non-profit organization supporting the Sui blockchain responded to the allegations.

During the token’s price surge, Lightcrypto suggested that some people, whom it called “insiders”, sold large amounts during this process. However, these claims were made without sharing any concrete wallet address. Sui officials aim to reassure investors by stating that such speculation should not harm the reputation of the project.

You can access the Sui project review and details here.

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HIPPO was launched on September 27 and quickly gained the attention of investors by gaining 4,496% increase. The intense interest in this meme coin has gained momentum, especially with the effect of increasing user activity and transaction volumes on the Sui network in recent weeks.

The story behind this popularity of HIPPO is that it was inspired by the cute hippo Moo Deng, who was born in Khao Kheow Open Air Zoo in Thailand and went viral in the online world. This meme coin on the Sui network has managed to attract users and investors, increasing the activity in the ecosystem.

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In addition, the general rise of the Sui ecosystem is also remarkable. The recent increase in user interest and the diversity of projects on the network have caused Sui to break the TVL (Total Value Locked) record and create great hype in the ecosystem. The success of projects such as HIPPO in particular has contributed to the rapid increase in transaction volumes on the Sui network. These developments have once again shown that Sui has become a rising force in the crypto world and its user base is expanding.

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When we closely examine the chart of Sui, we observe that it has been moving within a falling channel for approximately the last 129 days. When we analyze the channel movements of Sui, we see that it rarely tests the lower band and usually rallies towards the upper band of the falling channel after falling below the middle band. Therefore, it would not be wrong to say that the upper band of the channel is a significant resistance area and a region where sharp sales can take place.

You might like: Worldcoin Updates ORB Reward Plan to Increase WLD Supply.

An interesting situation regarding the upper band of the channel is that it underwent testing during the final week of each month. Therefore, we should consider that Sui can test the upper band of the channel again in the next week.

Sui Technical Analysis

When we evaluate the Sui project on the chart, after receiving a strong reaction with the support coming from the $0.37074 level, we observe that it has successfully overcome the middle band of the channel. If Sui can maintain the middle band of the channel as support, it may proceed towards the next resistance level of $0.44555. However, we consider this region to serve as both the upper band of the channel and as a formidable resistance area, so we should bear in mind that it will not yield easily. Also, due to Sui’s locked assets that will be opened on 3rd of November, it can create selling pressure.

Let’s consider another scenario: If Sui succeeds in overcoming the $0.44555 resistance and shows a clear break from the falling channel, we may see an upward trend in Sui. After these breakouts, we can start to talk about a target of around $0.60. In this scenario, it can offer a rise potential of approximately 50% from where we are now.

The post When Will the Rise in SUI Start? appeared first on Coin Engineer.