Day: October 6, 2023

Sui Foundation repurposes 117 million tokens for community development

The Sui Foundation reallocates 117 million SUI Tokens from external market makers to accelerate ecosystem development and support growth initiatives, including decentralized applications and liquid staking protocols. Sui Foundation has undertaken a major repositioning of its resources by retracting 117 million SUI Tokens from external market makers. The tokens will be redirected towards supporting Sui Networkโ€™s development and various other growth initiatives, without affecting the existing circulating supply. ๐Ÿ“ฃBreaking news! Weโ€™re reallocating 117M SUI from external market makers and redirecting them to initiatives designed to fuel ecosystem and community growth!…

Time To Buy More BTC?

boss

On X, one trader going by the handle โ€œCryptoJelleNLโ€ isย convincedย that accumulating Bitcoin below $30,000 can be rewarding. The trader expects prices to not only expand towards all-time highs printed in 2021 at around $69,000 but break above $100,000 in the coming sessions.ย  BTC may be undervalued below $30,000| Source: โ€œCryptoJelleNLโ€ on X Although the analyst didnโ€™t give timelines, the โ€œgame plan remains the same,โ€ acknowledging that it will be a โ€œtough mental battleโ€ before exiting the market when BTC soars above $100,000, nearly 4X at spot rates. It is not…