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

SUI Token News: Sui Network, a Layer 1 blockchain’s native token SUI just gained the support of more crypto exchanges as it moves towards stability. The SUI Mainnet went live on Wednesday after much anticipation. However, the SUI price registered a huge drop just after the launch.

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

More Futures Listing For SUI

Lending more support to the SUI token, WOO X, a crypto trading platform announced a new Futures listing, SUI – PERP, with ZERO fees. Adding to the tally, Crypto.com, a crypto exchange also announced a perpetual contract listing for the token on its derivatives exchange.

However, these listing comes in when SUI official team reportedly requested several big crypto exchanges involving Binance, OKX, KuCoin and more not to issue perpetual contract listings. Colin Wu reported that certain exchanges somehow agreed to accept this request and delayed the launch of future contracts.

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

Meanwhile, just after a few hours of spot listing, Binance, Bybit, and other exchanges went on to announce their launch of SUI perpetual contracts. Binance announced that it will launch USDⓈ-M SUI perpetual contract with up to 50X leverage. Read More Crypto News Here…

SUI price registered a massive drop just after the launch of its mainnet. However, the token price went on to touch the $2 price level. According to Coinmarketcap, SUI price has dropped by 70% in the last 24 hours. It is trading at an average price of $1.39, at the press time.

Its 24 hour trading volume is up by 2733% to stand at $2.12 billion. While it’s live market cap stands around $732 million.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.