Ex-Goldman Sachs Exec Gives Solana the Cold Shoulder for This Upstart Layer-1

Ah, the capricious whims of the former Goldman Sachs grandees! Raoul Pal, once a lord of the financial manor, now confesses his special fondness not for the celebrated Solana (SOL), but for its scrappier sibling, the layer-1 chain named Sui (SUI). 🧐

Addressing his legion of 1.1 million disciples on the platform formerly known as Twitter (now X, as if a single letter change could improve anything), Pal artfully proclaims that if one must deign to pick a favourite, Sui would be the sprightlier candidate. One can almost hear the sigh of disappointment from Solana.

In a manner befitting a man who once held the purse-strings of empire, the Real Vision CEO unveils a chart displaying the SUI/USD price gallantly poised to storm past its resistance, like a debutante eager to leave the cotillion early.

At present scribbling, SUI trades hands at a sprightly $2.97. Ranked 13th in the crypto pecking order by market cap, it’s surged an indignant 21% in twenty-four hours, and a near theatrical 41% over the week. Not bad for the new kid on the blockchain block.

Meanwhile, the more established but evidently less beloved SOL sits at $149.47, occupying the sixth spot by market cap, managing a modest 3.5% rise in a day and 13% over the week — smiles from the elder statesman, I suppose.

But Pal is far from the sole oracle singing Sui’s praises. The crypto soothsayer Michaël van de Poppe, addressing an audience just shy of 784,000 souls on the same platform of birds-now-letters, heralds Sui’s growing embrace of decentralized finance—especially the mystical arts of Bitcoin staking and lending, cleverly dubbed Bitcoin DeFi or BTCfi. How posh.

“When the markets turn up their faces once more, the capital shall flock to those that have displayed mettle. SUI is such a contender. It’s a cracking spot to keep an eye on:”

  • DeFi adoption gathering steam
  • Integration with Bitcoin’s ecosystem
  • Upward momentum with a hint of swagger

“I fancy it could do rather well in the next cycle.” One can only hope the next financial chapter will be as entertaining as this one. Cheers to Sui—may its ascent be as dramatic as a Waugh novel’s denouement! 📈🍸

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2025-04-26 03:06