SUI Token News: Sui Network’s a lot anticipated mainnet launch lastly went reside. However, its native token Sui (SUI) value took a serious hit as quickly as main crypto exchanges opened buying and selling for the token. As per the information, SUI value dropped by a large 72% because it went reside for buying and selling.
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SUI Price Drops Major
As per the information, the SUI value jumped to the touch the $2 value stage after just some minutes of buying and selling. The market cap of SUI reached $675 million, on the press time. However, its Fully Diluted Valuation stood at round $12.79 billion.
Earlier, Coingape reported that Binance has decided to launch the SUI token forward of the launch of its mainnet. The world’s largest trade acknowledged that it will likely be itemizing 6 buying and selling pairs of the token (SUI/BTC, SUI/USDT, SUI/TUSD, SUI/BNB, SUI/EUR, and SUI/TRY).
Colin Wu reported that the SUI official group requested the exchanges together with Binance, OKX, Bybit and kuCoin to not launch a perpetual contract of the token. It added that a number of main exchanges quickly agreed to fulfill this demand. There can be a delay within the launch of futures contracts.
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