Despite the concerns, the SUI token staged an over 120% rally in the past month.

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Grayscale has added the Bittensor protocol and the Sui network to its list of crypto investment products.

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Token Terminal’s latest report highlights Sui’s remarkable performance as its Total Value Locked (TVL) surpasses $418 million, securing its position among the top 10 cryptocurrencies.  Within just 30 days, Sui has witnessed an impressive 86% surge in TVL, reflecting growing investor confidence and participation. The platform boasted an average of over 20,000 active users daily over the past month, peaking at approximately 80,000, with more than 8 million active accounts overall. In terms of gas usage, SUI recorded over $1.5 million in gas fees in the last 30 days, with gas prices stabilizing at 4.8k per day. Reports indicate an

The post Sui Token Surges In TVL, Surpassing $418 Million And User Engagement Spike appeared first on The Merkle News.

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The price of the SUI token plummeted after allegations of supply manipulation from regulatory officials in South Korea.

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