After a stunning rally in recent weeks that has seen it more than 4x from recent sub-$0.50 lows and burst above $2.0, the Sui (SUI) price has started to lose momentum.

SUI could soar 20% and reach the $2.50 level if it stays above the $1.80 level.

Mysten Labs has launched the public testnet for Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images.

As the Bitcoin price stabilizes above the $66,000 mark, the altcoins are making a comeback. The market, excluding Bitcoin and Ethereum, has reclaimed the $600 billion mark and has increased by 7.19% from its 7-day low at $574.81 billion.

Sui price recently received a bit of a shake-up after allegations of insider trading flooded the crypto space. SUI retraced from its new all-time high of $2.36 as investors rushed to dump their bags because of the FUD.

The Sui Foundation has denied allegations that its employees or insiders from Mysten Labs sold $400 million worth of SUI tokens. The foundation also rejected claims that insiders were involved in preemptive selling or violating token lockup agreements.

Three days ago, SUI reached a new all-time high of $2.36, but Fear, Uncertainty, and Doubt (FUD) surrounding a recent development overshadowed the achievement.

SUI, a rising star in the crypto market, recently hit a new all-time high of $2.35, driven by a strong rally that saw its price surge over 100% in the past month. However, despite its bullish momentum, analysts are issuing warnings of a potential price correction.

SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies.

In a week that has seen significant movements across the cryptocurrency landscape, one token on the SUI blockchain is making headlines for its meteoric rise—Suirum ($SUIR).

Sui Foundation updates its Request for Proposals program, offering new opportunities for developers through rolling cohorts and flash RfPs to address ecosystem needs.

SUI, the native coin of Layer-1 (L1) blockchain Sui Network, rallied to an all-time high of $2.36 on October 14. However, as profit-taking activity gains momentum, SUI has initiated a downward trend.

TL;DR BitGo expands its support for the Sui ecosystem with custodial services for Sui Naming Service (NS) and DeepBook (DEEP). Sui Naming Service facilitates the creation of more user-friendly onchain identities and DeepBook is a decentralized trading platform. The current price of Sui (SUI) is $2.06, with a change of 4.

Sui, a layer-1 blockchain platform, is under scrutiny after allegations surfaced that insiders may have profited from a recent increase in the value of its native token, SUI

The cryptocurrency market has recorded a strong bullish recovery over the past few days. This has resulted in the top altcoins breaking out of their major resistance level and heading toward a new ATH. Notably, the 19th largest cryptocurrency, Sui price has recorded a new ATH twice this year.

CYBRO's presale is skyrocketing, and at just $0.035, you're getting in at a massive discount before the token hits the market at $0.06.

The team behind the Solana (SOL) challenger Sui is pushing back against rumors that project insiders have sold off $400 million worth of SUI tokens. On Sunday, the pseudonymous crypto analyst known as Light claimed the layer-1 altcoin's insiders were selling off the token, pointing to a graph charting major SUI ICO wallet distribution.

BitGo extended support for Sui ecosystem, adding custody for NS and DeepBook, and enhancing decentralized identity & trading services.

The cryptocurrency market is experiencing renewed bullish momentum, with Bitcoin recently surpassing the $65,000 mark. Despite minor corrections, many crypto coins are witnessing a surge in demand.

During Tuesday's U.S. market session, the Aptos price analysis shows a 5% jump to hit a 6% month high of $10.7. The uptick offers APT buyers the next stepping stone for a potential extended rally, fueled by a golden crossover between the 50- and 200-day exponential moving averages.

The Sui Foundation insists that no employees of the organization or its core contributors are involved in any SUI sales except as permitted by the supply schedule.

The network dismissed the claims as unfounded, but skepticism within the community persists.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Sui Foundation has firmly denied recent speculation alleging insider trading following a $400 million sale of SUI tokens during the latest price surge. The foundation emphasized that there has been no premature selling or breach of lock-up agreements in an Oct. 14 post on X.

SUI has experienced a strong rally, but analysts warn of a potential correction ahead due to technical signals.

A Sui Foundation's “infrastructure partner” was spotted selling $400 million worth of SUI tokens, raising market concerns and speculation. The whale has now prepared another $20 million worth of SUI in the wallet used for the ongoing selling spree.

Over the past 24 hours, the SUI price has seemingly hit a wall amid significant $400 million insider trading allegations, shaking investor confidence in the asset.

The Sui token has experienced a dramatic rise, with its value soaring by over 120% in the last month and currently trading at $2.17 as of October 15. This impressive surge has sparked growing interest from investors but has also raised concerns about potential insider selling.

TL;DR Allegations and Denial: The Sui Foundation faces accusations of insider trading involving $400 million in SUI tokens, which they strongly deny, attributing the sales to an infrastructure partner's lockup schedule. Market Performance: Despite the controversy, SUI has surged over 185% in 2024, reaching a new all-time high of $2.

The Sui Foundation has denied allegations that insiders sold $400 million worth of SUI tokens during the cryptocurrency's recent price surge.

Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocol's native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13. However, since this peak, the token has retreated by nearly 5%, largely due to growing concerns over allegations of insider selling among the project's stakeholders.

Binance, one of the world's leading cryptocurrency exchanges, revealed enhanced trade offerings for the tokens Sui & Turbo on Tuesday. Notably, the exchange revealed that it is listing new trading pairs and trading bots services for the mentioned tokens, sparking investor enthusiasm globally.

The Sui Foundation has strongly denied allegations of insider selling after claims surfaced of a $400 million SUI token selloff by insiders. This had sparked widespread backlash within the cryptocurrency community.

Sui blockchain denies $400 million insider trading allegations following a rapid SUI token price surge, stating that no insiders sold tokens and suggesting the suspicious wallet belongs to an infrastructure partner under lockup.

With the crypto market taking a bullish reversal this week, Bitcoin momentarily topped the $66,000 mark. Amid the increasing bullish momentum, the SUI token marks a new all-time high at $2.3661. However, despite the bullish recovery this week, the lack of bullish exhaustion leads to a minor pullback in the altcoin.

The Sui Foundation has denied allegations that insiders sold $400 million worth of SUI tokens during the recent price surge, asserting that lockups are being properly enforced.

The digital assets industry turned green on Tuesday as Bitcoin jumped from $63,910 to a daily high above $66,400. Positive developments such as increased crypto recognition by US presidential candidates contribute to BTC's upward strength.

The SUI price has come under pressure following allegations of insider selling related to the Sui Foundation, despite a robust 104% rally over the past month. Recent scrutiny intensified when crypto analyst @lightcrypto highlighted suspicious wallet activity, indicating that wallets associated with the Foundation redeemed and transferred over 82.

Crypto Market Update: The crypto business has continued an uptrend, with its market cap increasing by 2.25% in 24 hours to $2.28 trillion. The positive sentiments have pushed the Fear & Greed index's reading to a neutral score of 56. As a result, the trading volumes have surged by 56.

The concerns point to allegations that insiders had taken advantage of SUI's rapid rise last month by selling $400 million worth of tokens.

Bitcoin displayed acute strength and reached highs above $66,000. This move made the market participants hopeful of the next price action, including the other altcoins. However, despite the sluggish BTC price action, the SUI price made huge rounds as it remained elevated.

The claim surfaced as pseudonymous crypto analyst Lightcrypto alleged that insiders sold $400 million worth of Sui during the recent rally.

Reports of the Sui Foundation insider selling of more than $400 million worth of native tokens have come amid a staggering 104% SUI price rally over the past month. The Foundation has responded to this clearing the air on the matter with the native cryptocurrency SUI dropping 2% despite the broader market rally.

Key Points:

The Sui Foundation has strongly refuted allegations of insider token sales amounting to $400 million, as the SUI token reaches a new all-time high. This denial comes in response to claims made by an on-chain analyst named Light, who raised concerns for the sudden surge in the price of SUI.

The SUI token surged, leading to allegations of Sui insider trading by the crypto community.

A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger.