The price of $SUI soared 120% in January, and the insider trading storm followed
Recently, the price of SUI has been like a rocket, soaring to $2.24 in a month. This speed has also stunned many people, and everyone has become excited.
SUI is also a dark horse that suddenly emerged in the currency circle. Everyone thinks it has great technology, fast transactions and is safe. According to the data on CoinMarketCap, SUI is now sold for $2.22 per coin, up 6.9% in the past 7 days. The current market value is already $6.136 billion, and the trading volume is much stronger than before. Last month, it was only sold for a little more than $1, and it doubled in just one month.
But there is something wrong behind this wave of enthusiasm. Some people jumped out and said that the reason why SUI rose so sharply was because someone secretly engaged in insider trading, and big investors sold all the coins in their hands when the price was the highest.
There is a crypto analyst named "light". He posted a post on social media saying that the rise of SUI is too strange, as if it suddenly emerged from the ground. The market is lacking such eye-catching things, but he always feels that there is something fishy about it.
If these accusations are true, the market will surely lose confidence in SUI. Those who have not yet bought SUI are now in a dilemma. On the one hand, they are looking at the rise of SUI and want to make a fortune; on the other hand, they are worried about insider trading, fearing that they will be trapped if they are not careful.
No one can predict the future of SUI. If the accusation of insider trading is confirmed, SUI will be in trouble, but if SUI can survive this hurdle, it will continue to be popular and create new legends in the future.
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