SUI Token Unlocks More Exchange Listings; Can It Breach $1.4?

SUI Token News: Sui Network, a Layer 1 blockchain’s native token SUI simply gained the assist of extra crypto exchanges because it strikes in the direction of stability. The SUI Mainnet went reside on Wednesday after a lot anticipation. However, the SUI price registered a huge drop simply after the launch.

Also Read: SUI Gets Binance Listing; Price Set To Skyrocket?

More Futures Listing For SUI

Lending extra assist to the SUI token, WOO X, a crypto buying and selling platform introduced a brand new Futures itemizing, SUI – PERP, with ZERO charges. Adding to the tally, Crypto.com, a crypto alternate additionally introduced a perpetual contract itemizing for the token on its derivatives alternate.

However, these itemizing is available in when SUI official group reportedly requested a number of large crypto exchanges involving Binance, OKX, KuCoin and extra to not challenge perpetual contract listings. Colin Wu reported that sure exchanges one way or the other agreed to simply accept this request and delayed the launch of future contracts.

Also Read: US SEC Asked To Reply In 10 Days To Coinbase Complaint

Meanwhile, simply after a couple of hours of spot itemizing, Binance, Bybit, and different exchanges went on to announce their launch of SUI perpetual contracts. Binance introduced that it’ll launch USDⓈ-M SUI perpetual contract with as much as 50X leverage. Read More Crypto News Here…

SUI worth registered a large drop simply after the launch of its mainnet. However, the token worth went on to the touch the $2 worth degree. According to Coinmarketcap, SUI worth has dropped by 70% within the final 24 hours. It is buying and selling at a median worth of $1.39, on the press time.

Its 24 hour buying and selling quantity is up by 2733% to face at $2.12 billion. While it’s reside market cap stands round $732 million.

Ashish believes in Decentralisation and has a eager curiosity in evolving Blockchain expertise, Cryptocurrency ecosystem, and NFTs. He goals to create consciousness across the rising Crypto business by means of his writings and evaluation. When he isn’t writing, he’s taking part in video video games, watching some thriller film, or is out for some out of doors sports activities. Reach me at [email protected]

The offered content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty in your private monetary loss.