Currently this spot order is still profitable about ~10% (yesterday it was +14.5%). I will update some information so you can understand the situation.
🔓 On November 3, $SUI will pay tokens to investors who buy IDO at a price of 0.1usd/SUI. The amount of ~35 million $SUI tokens is equivalent to about 16 million USD.
✔️ With the current spot trading volume on 4 major exchanges being about 100 million USD/24h => Market is capable of absorbing the above amount of tokens.
📉However, observing SUI from the early days, I noticed that every time $SUI paid tokens, the price line showed a downward trend.
=> Closing the issue: If you are on board, if you want to be safe, set your stop loss to your entry to avoid losses if $SUI reverses and goes down. As for those who believe in $SUI, there will be a strong pump wave...
