SUI | Sui & Mysten Lab

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The price of Sui is $1.34 today with a 24hour trading volume of 1 billion dollar, SUI trading on multiple exchanges is live now and the startup has closed its public round recently on KuCoin and OKX
Investors who purchased the native token of the Layer 1 blockchain Sui in a public offering last month are seeing large returns now
Binance accounts for 63% of Sui's spot trading volume, Bybit 16.6%, OKX 10.6%, and KuCoin 7.3%

Sui is a layer one blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.

Mysten Labs, the original contributor to Sui, was founded by by former executives & lead architects of Meta’s Novi Research
the team responsible for Diem blockchain and Move programming language: Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis...

Sui listings that came in the evening on a day when the FED's interest rate decision may have put pressure on the price so no fomo
it is necessary to wait for the price to accumulate in a certain range and not to act for fear of losing the opportunity
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Sui developer Mysten Labs announced NFT drop for its Discord members. Users who joined Sui Discord before May 3 can register till May 17 and get SuiFrens Bullshark Generation 0 NFT into their wallets few weeks after the registration period ends.
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Coinbase Wallet Detection
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dips get dipper
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Sui Co-Founder @ EmanAbio has teased an upcoming announcement for Sui.
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Grayscale launched two new crypto investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust today
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As the Grayscale Sui Trust opened up to accredited investors, SUI’s daily trading volume surged past $800 million. On-chain activity has also shown strength, with TVL reaching $1.15 billion — a 377% increase year-to-date and a 47% rise month-to-date. The DeFi protocols driving this growth include: Navi Protocol (TVL: 439M, MTD growth: 54.67%) Scallop (TVL: 233M, MTD growth: 30.69%) SuiLend (TVL: 198M, MTD growth: 89.27%)
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SUI's bull run continues, breaking through the $ 1B TVL and reaching the ATH of TVL.
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Bybit Launchpool adds support for SUI

pump after pump
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In response to the allegation that “Sui insiders selling 400M in tokens throughout this run-up”, the Sui Foundation responded that no foundation or Mysten Labs employees or investors sold $400 million. The possible owner of the wallet is the infrastructure partner, who owns the tokens
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