u.today
Leading crypto exchange Binance has finally added the Sui (SUI) token support and launched trading. Binance changed the initially planned time of the launch to 12.00 p.m. UTC.
#Binance lists @SuiNetwork $SUI!
— Binance (@binance) May 3, 2023
Trading for $SUI is now live ⬇️
Binance lists SUI, OKX, KuCoin to follow
The token can be bought and sold against several other crypto and fiat currencies – Bitcoin, USDT, TUSD, EUR, BNB and TRY.
Traders will not pay maker fees on SUI/USDT, a Binance blog post about the SUI listing says, until a further announcement is issued. It also stated that EUR and TRY are only fiat currencies and they do not represent any crypto ones.
Aside from Binance, several other major exchanges, including Bybit, OKX and KuCoin, are about to launch SUI trading pairs.
Chinese crypto journalist Colin Wu also reported that the official team of the SUI coin has demanded that these exchanges and Binance as well do not launch the SUI-based perpetual futures trading.
Still, despite the trading launch, CoinMarketCap data shows that the SUI price is 70% down, trading at $1.31.
Analyst slams SUI, recommends selling it
Earlier today, Twitter account owner @NorthRockLP mentioned SUI token in their tweet, calling it “complete vapor ware”, suggesting that it is based on nothing and no utility or actual value stands behind it.
The account stated that if investors own more than 5 billion of these tokens, it would be a great sale.