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Sui price volatility could resume as Foundation withdraws 117 million SUI tokens from external market makers

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Sui (SUI) price has been trading within a narrow range, not giving actionable room for longs and shorts to get value for their bets. From an onlooker’

Sui Foundation plans to withdraw 117 million SUI tokens from external market makers and redirect them toward ecosystem and community growth. Includes funding developers and repurposing recently announced 25 million staked SUI Tokens to Sui Liquidity Staking Hackathon winners. As maker makers help keep prices in control, Sui price volatility could resume soon after tight multi-month consolidation.

This raised concerns on whether its ordinary investors were getting a fair deal. Cryptocurrency metrics FAQs What is circulating supply? The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology.

 

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Sui Foundation reallocates 117 million SUI from external market makers to support growth initiativesMysten Labs' Layer 1 blockchain seeks to spur additional growth by redistributing the sui token which is down considerably since May.
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