Recent rumors surrounding SUI tokens have caught the attention of the cryptocurrency community, leading to speculation about their potential price increase.
Rumors about Nasdaq Entity and SUI Tokens
Speculation regarding a $10 price target for SUI tokens arose after unverified reports suggested a purchase by a Nasdaq-listed entity called "SUI Group". However, neither the **Sui Foundation** nor its executives, including Evan Cheng and Sam Blackshear, have confirmed this information. Despite market chatter, no actual institutional purchases have been reported that would influence SUI's price.
Analysis of Institutional Involvement
Currently, no institutional participants, including funds, confirm the involvement of a Nasdaq entity in purchasing SUI tokens. Market analysis shows SUI trading between $3.30 and $3.40, with no notable spikes related to institutional buys. The reported total value locked (TVL) of Sui exceeds $2 billion, indicating the project's stable position within the industry.
Conclusions and Current State of SUI
Thus, rumors of a purchase of 20 million SUI tokens remain unconfirmed. The SUI token ecosystem maintains a stable outlook with no significant institutional events impacting the market. As Evan Cheng stated, "Proud of Sui’s progress: $2B+ TVL, world-class DeFi, and 297k TPS—the next chapter for scalable, decentralized finance."
The cryptocurrency market requires accurate information, as unconfirmed rumors can significantly impact token prices.
