Author: WOO
Since September, the market has almost only two major focuses. The first is the continuous iteration and update of the meme track. Lowercase Neiro has continued to rise after listing on Binance; the hippopotamus MOODENG has continued to soar on Solana and Ethereum. Meme coins continue to create wealth effects.
The second focus is SUI. As a Layer 1 that appeared at the end of the last cycle, the token distribution method is different from the above-mentioned memes that focus on fair asset issuance. It is the most criticized typical VC Token in this cycle.
However, SUI has been strong in recent price performance, rising from $0.76 in early September to $2.16, approaching the historical high of $2.18, and rising by about 185% in one and a half months
The SUI hype was initiated by institutions, telling the narrative of replacing Solana. The injection of funds into the public chain not only benefits the coin price, but also leads to an increase in TVL, ecological projects and even memes.
Which projects/coins should be paid attention to in SUI? Let WOO X Research take you to find out.
Sui Ecosystem's largest DEX, using a centralized liquidity protocol similar to Uniswap V3, products include DEX, liquidity pool, machine gun pool, income treasury, Launchpad, and integrates the central limit order book DeepBook and Wormhole cross-chain bridge.
In terms of Launchpad, it provides an IDO launch platform for Sui ecological plans. xCETUS holders can participate. In the past few times, CETUS, SUIA, and NAVX were all oversubscribed, which is an important factor in Cetus's leading position in DEX.
Currently, the platform has a locked position of over 200 million USD, ranking fourth on SUI, and has grown by 83% in the past month.
The token $Cetus has risen by 180% in the past 30 days, and the current price is about 0.17, just one step away from the all-time high of 0.186. The current market value is 54.52 million USD, ranking 638 on Coingecko.
Sui's first native one-stop liquidity agreement, similar to Aave, provides lending services, currently supports Sui, vSui, NAVX, USDT, USDC, CETUS, WETH and other assets. The stablecoin deposit rate is about 7%, while SUI is 4%.
At the same time, it is also the project with the largest locked position on SUI, with a monthly growth of 52% and an amount of up to 500 million.
However, the token price performance is not as impressive as the product. During the period when SUI soared, the token $NAVI rose by more than 150% in 30 days, but it is still more than 100% away from the historical high, which is different from the situation when SUI and Cetus challenged the previous high.
The current token price is about 0.15, the historical high is 0.357, and the current market value is 36.62 million.
Sui’s lending agreement completed a strategic financing of US$3 million in March this year, led by CMS Holdings and 6th Man Ventures. Other investors include Mysten Labs (SUI’s parent company), Cetus mentioned above, the well-known NFT whale dingaling and China’s well-known KOL 0xSun as angel investors.
At the end of April, it was announced that it had obtained strategic financing from DWF Labs. DWF Labs will serve as Scallop's main liquidity provider in various centralized exchanges and will also support over-the-counter (OTC) transactions
The token $SCA has been falling since its launch, and has improved slightly in the past month, rising by 52%, but it is not as high as SUI and the above currencies.
The price of $SCA token is about 0.376, with a historical high of 1.28, and the current market value is 20.34 million.
The following introduces the meme coins on SUI.
The concept prototype is the Thai Internet celebrity hippo "bouncing pig" MOODENG. The concept of this meme coin first occurred on the Solana chain. The highest market value of Sol Hippo reached 330 million US dollars. Recently, the hippo on Ethereum also donated tokens to Vitalik, and Vitalik chose to destroy them, which led to an increase in the price, and it rose 10 times in four days.
HIPPO is the hippo on SUI. The current coin price is about 0.0148, the historical high is 0.01848, the current market value is 148 million, and the increase in the past seven days is 17%.
The image is a black cat, and the concept is an emoticon package on Sui Name Service. It is a rare meme coin on SUI that is not associated with marine life. The community uses Popcat, a well-known meme coin on Solana, as a benchmark expectation.
The current coin price is about 0.0019, with a historical high of 0.00253, a 293% increase in the past seven days, and a current market value of 19 million US dollars.
is a fish with a Pepe face. It was once the number one meme coin on SUI until it was surpassed by the emergence of HIPPO.
Interestingly, BLUB’s token issuance time is September 1, which is close to the time when SUI started to rise. It also rose from a market value of 3.5 million US dollars at the opening to a maximum market value of 48 million US dollars, an increase of 11 times.
The current coin price is about 0.0(6)123, with a historical high of 0.0(6)161, a drop of 9.8% in the past seven days, and a current market value of 40 million US dollars.
Renowned Shark Tank star, Kevin O’Leary, predicts a formidable challenger to crypto giant Binance. In an interview with Fox Business, O’Leary unveils M2, a new crypto exchange emerging from Abu Dhabi.
AaronThis NFT marketplace promises a curated selection of gaming NFTs from trusted partners, initially offering fee-free transactions on NFT sales and committing to honor royalties set by collection creators for a limited period.
AaronThis makes Commerzbank the first full-service German bank to receive such a license. With the license, it enables Commerzbank to provide custody services for crypto assets and expand its offerings to include "further digital asset services."
AaronCEO Sam Altman conveyed the decision due to an overwhelming surge in usage after OpenAI's DevDay, where new APIs were introduced. Altman mentioned that the platform's capacity has been exceeded, impacting user experience.
AaronPoloniex announces substantial progress in its restoration endeavours after falling victim to a significant security breach on 10 November.
CatherineShiba Inu faces a critical juncture as it tests key support levels, potentially paving the way for a 12% surge, while Ethereum experiences a momentary pause in its rally, with both cryptocurrencies navigating key technical indicators and market developments.
JasperCertiK raises inquiries regarding the security of Solana Saga, yet Solana defends its position with the resilience of enhanced Seed Vault technology and the demonstrated impact on the market.
KikyoThe operation relies on tricking users into clicking on these phishing links, then leading them to sign messages that unknowingly deplete their assets.
DavinDairy Queen and WGG join forces for a unique NFT pop-up in Chengdu, blending icy treats with digital art, showcasing NFT projects' adaptability beyond the virtual realm.
Hui XinMajor financial institutions, including JP Morgan's Onyx and Apollo Global, collaborate with the Monetary Authority of Singapore to explore blockchain integration for streamlined portfolio management.
Jasper