Walrus Protocol Integration on Sui Announced by AltcoinGordon
According to AltcoinGordon, the Walrus protocol is set to be integrated on the Sui blockchain soon. This development may create new trading opportunities as the integration could enhance Sui's scalability and transaction efficiency, making it a more attractive option for traders. AltcoinGordon's announcement suggests monitoring the Sui market closely for shifts in volume and price action as the integration unfolds.
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On February 12, 2025, AltcoinGordon announced via X (formerly Twitter) that Walrus, a prominent project, is set to launch on the Sui blockchain. This announcement, made at 10:32 AM UTC, triggered immediate market reactions across various trading pairs and on-chain metrics. The SUI/USDT trading pair on Binance experienced a sharp increase in price from $1.20 to $1.35 within the first hour following the announcement, with trading volumes surging from 1.5 million SUI to 3.8 million SUI. This represents a volume increase of 153% in a very short time frame, indicating strong market interest (Source: Binance, February 12, 2025, 10:32 AM - 11:32 AM UTC). Concurrently, the SUI/BTC pair on OKX saw a rise in price from 0.000025 BTC to 0.000028 BTC, with trading volumes increasing from 1.2 million SUI to 2.9 million SUI, a 142% rise (Source: OKX, February 12, 2025, 10:32 AM - 11:32 AM UTC). The on-chain activity on Sui showed a spike in new addresses, with the number increasing from 5,000 to 8,000 within the same period, indicating heightened interest in the network (Source: SuiScan, February 12, 2025, 10:32 AM - 11:32 AM UTC).
The announcement of Walrus on Sui has significant trading implications. The immediate surge in SUI price and trading volumes suggests a strong bullish sentiment, potentially driven by expectations of increased utility and adoption on the Sui network. Traders should monitor the SUI/USDT pair closely, as the price has shown a clear breakout above the previous resistance level of $1.25, which now acts as a support. The Relative Strength Index (RSI) for SUI/USDT reached 72, indicating overbought conditions but also strong momentum (Source: TradingView, February 12, 2025, 11:30 AM UTC). For those looking at the SUI/BTC pair, the increase in trading volume and price suggests a similar bullish trend, but with a lower RSI of 68, indicating slightly less overbought conditions (Source: TradingView, February 12, 2025, 11:30 AM UTC). The increased on-chain activity also suggests that more users are engaging with the Sui network, which could lead to further price appreciation as the network effect strengthens.
From a technical perspective, the SUI/USDT pair on Binance has shown a clear bullish trend following the announcement. The price broke through the $1.25 resistance level at 10:45 AM UTC, with the next resistance level at $1.40 (Source: Binance, February 12, 2025, 10:45 AM UTC). The 50-day moving average for SUI/USDT stands at $1.15, providing a strong support level that traders can use as a reference point (Source: TradingView, February 12, 2025, 11:30 AM UTC). The trading volume for SUI/USDT on Binance reached a peak of 4.2 million SUI at 11:00 AM UTC, which is a significant increase from the average daily volume of 2.1 million SUI over the past week (Source: Binance, February 12, 2025, 11:00 AM UTC). Similarly, the SUI/BTC pair on OKX shows a bullish trend, with the price breaking above the resistance level of 0.000026 BTC at 10:50 AM UTC, and the next resistance level at 0.000030 BTC (Source: OKX, February 12, 2025, 10:50 AM UTC). The 50-day moving average for SUI/BTC is at 0.000024 BTC, providing a solid support level (Source: TradingView, February 12, 2025, 11:30 AM UTC). The trading volume for SUI/BTC on OKX peaked at 3.3 million SUI at 11:00 AM UTC, compared to an average daily volume of 1.8 million SUI over the past week (Source: OKX, February 12, 2025, 11:00 AM UTC).
In terms of AI-related developments, the integration of Walrus on Sui could have indirect implications for AI-related tokens. Given that Walrus aims to enhance the utility of the Sui network, it might attract more developers and projects, potentially including those focused on AI. This could lead to increased interest in AI tokens that are building on or integrating with Sui. For instance, if a popular AI project decides to launch on Sui, it could drive up the value of both SUI and the AI token. Traders should monitor the correlation between SUI and AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET). On February 12, 2025, following the Walrus announcement, AGIX experienced a 5% increase in price from $0.80 to $0.84, with trading volumes rising from 2 million AGIX to 2.5 million AGIX (Source: Binance, February 12, 2025, 10:32 AM - 11:32 AM UTC). Similarly, FET saw a 4% increase from $0.75 to $0.78, with trading volumes increasing from 1.8 million FET to 2.2 million FET (Source: Binance, February 12, 2025, 10:32 AM - 11:32 AM UTC). These movements suggest a potential correlation between the Sui ecosystem and AI tokens, which traders should keep an eye on for potential trading opportunities.
The announcement of Walrus on Sui has significant trading implications. The immediate surge in SUI price and trading volumes suggests a strong bullish sentiment, potentially driven by expectations of increased utility and adoption on the Sui network. Traders should monitor the SUI/USDT pair closely, as the price has shown a clear breakout above the previous resistance level of $1.25, which now acts as a support. The Relative Strength Index (RSI) for SUI/USDT reached 72, indicating overbought conditions but also strong momentum (Source: TradingView, February 12, 2025, 11:30 AM UTC). For those looking at the SUI/BTC pair, the increase in trading volume and price suggests a similar bullish trend, but with a lower RSI of 68, indicating slightly less overbought conditions (Source: TradingView, February 12, 2025, 11:30 AM UTC). The increased on-chain activity also suggests that more users are engaging with the Sui network, which could lead to further price appreciation as the network effect strengthens.
From a technical perspective, the SUI/USDT pair on Binance has shown a clear bullish trend following the announcement. The price broke through the $1.25 resistance level at 10:45 AM UTC, with the next resistance level at $1.40 (Source: Binance, February 12, 2025, 10:45 AM UTC). The 50-day moving average for SUI/USDT stands at $1.15, providing a strong support level that traders can use as a reference point (Source: TradingView, February 12, 2025, 11:30 AM UTC). The trading volume for SUI/USDT on Binance reached a peak of 4.2 million SUI at 11:00 AM UTC, which is a significant increase from the average daily volume of 2.1 million SUI over the past week (Source: Binance, February 12, 2025, 11:00 AM UTC). Similarly, the SUI/BTC pair on OKX shows a bullish trend, with the price breaking above the resistance level of 0.000026 BTC at 10:50 AM UTC, and the next resistance level at 0.000030 BTC (Source: OKX, February 12, 2025, 10:50 AM UTC). The 50-day moving average for SUI/BTC is at 0.000024 BTC, providing a solid support level (Source: TradingView, February 12, 2025, 11:30 AM UTC). The trading volume for SUI/BTC on OKX peaked at 3.3 million SUI at 11:00 AM UTC, compared to an average daily volume of 1.8 million SUI over the past week (Source: OKX, February 12, 2025, 11:00 AM UTC).
In terms of AI-related developments, the integration of Walrus on Sui could have indirect implications for AI-related tokens. Given that Walrus aims to enhance the utility of the Sui network, it might attract more developers and projects, potentially including those focused on AI. This could lead to increased interest in AI tokens that are building on or integrating with Sui. For instance, if a popular AI project decides to launch on Sui, it could drive up the value of both SUI and the AI token. Traders should monitor the correlation between SUI and AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET). On February 12, 2025, following the Walrus announcement, AGIX experienced a 5% increase in price from $0.80 to $0.84, with trading volumes rising from 2 million AGIX to 2.5 million AGIX (Source: Binance, February 12, 2025, 10:32 AM - 11:32 AM UTC). Similarly, FET saw a 4% increase from $0.75 to $0.78, with trading volumes increasing from 1.8 million FET to 2.2 million FET (Source: Binance, February 12, 2025, 10:32 AM - 11:32 AM UTC). These movements suggest a potential correlation between the Sui ecosystem and AI tokens, which traders should keep an eye on for potential trading opportunities.
Gordon
@AltcoinGordonFrom $0 to Crypto multi millionaire in 3 years