CandleFocus Sudeng soars to record high as Sui meme coins gain traction
2024-10-04
Author: Content Editor
The meme coin Sudeng (HIPPO) experienced a significant surge, rising by over 30% as cryptocurrencies recovered. This rally occurred alongside increased demand for meme coins on the Sui Blockchain, with the total market cap of these coins reaching $234 million. Sudeng's performance has been particularly impressive, with a record high of $0.0143, representing a 180% increase from its lowest point in the week. The Sui Blockchain has seen robust activity, with Sudeng being the best-performing big coin in the past 30 days, jumping by over 127%. Additionally, the total value locked in the Sui ecosystem has risen by 66% to over $1.01 billion. Sui has also gained recognition in the DEX industry, and its DEX volume increased by 32% in the last seven days to over $826 million. Meme coins have become a significant part of the crypto industry, estimated to have a combined market cap of over $50 billion, providing substantial wealth for investors. One Sudeng holder sold their tokens for $7,500, which would now be worth over $30 million due to Sudeng's price surge.
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