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SUI Soars 115% in a Month Because Clearly No One Has Learned Anything From History

A comic-style illustration of a rocket ship blasting off into space with flames and smoke behind it, while below on Earth people are running wildly holding briefcases and looking up at the sky in panic.

SUI’s meteoric rise is a classic case of hype over substance – where investors are so desperate to get rich quick that they’ll jump on any bandwagon with even a hint of promise, no matter how flimsy the underlying fundamentals may be. It’s like watching a bunch of lemmings rush towards the edge of a cliff, only this time it’s memecoins instead of actual coins. And don’t even get me started on the so-called ‘genuine user engagement’ – I’m sure there are plenty of bots and astroturfers lurking in the shadows, artificially inflating transaction volumes and TVL to make SUI look more attractive than it actually is.

Source: cointelegraph

Sui (SUI) price continues to rally on Oct. 4, gaining 115% over the past 30 days.  Data from Cointelegraph Markets Pro and TradingView shows SUI rose from a low of $0.742 on Sept. 2, climbing as much as 170% to a six-month high of $2, just 8.8% shy of its $2.18 all-time high reached on March 27. SUI/USD daily chart. Source: TradingView In comparison to SUI, the total crypto market […]

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