SUI UPDATES !!
The price of SUI has rallied by 10% in the past 24 hours.
WHY?
The rally seems to be triggered by bullish sentiments for the project following the launch of its ‘Suitember’ marketing campaign. The team has announced that it will announce several significant developments for the ecosystem during the month of September. The first of these was the launch of its SuiPlay0x1 device a few days ago.
The rally also seems to be boosted by a spike in short liquidations. Data from Coinglass shows that over $2.8 million in shorts and $400K in longs were liquidated over the past 24 hours. This is in line with previous volatile trading activity seen for the token every time it hovers over the $1 price mark.
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