Right then, 🎭
A crypto analyst, darling, one simply must follow, proclaims that Sui (SUI), that audacious layer-1 blockchain, is poised for a positively smashing breakout to heights previously unseen. One shudders to think!
In a thread, ever so modern, on X (formerly Twitter, how frightfully common!), the pseudonymous trader Kaleo, with a following of, my word, 703,900 souls, declares SUI to be a simply divine buying opportunity. Can you imagine?
He posits that the recent unpleasantness – a hack, you see, involving \$223 million of the Cetus Protocol, a decentralized exchange (DEX) on the Sui network – caused a temporary dip in SUI’s value. But fear not! It’s merely a chance for the bulls to position themselves for the next act. 🐂
“Remember Solana, chaps? Every time it went down, the FUD (fear, uncertainty, and doubt, how tedious!) was bought up, and it bounced back stronger than ever. This CETUS exploit? Just a marvelous opportunity to accumulate more SUI, I say!”
“CETUS, bless its heart, is back with a recovery plan. Token compensation for those affected, you know. If anything, this whole affair makes one more bullish! Shows how frightfully efficient SUI governance is, stopping the exploit from being any worse. The hacker, alas, got away with the funds. 💸”
According to his chart – frightfully complicated things, charts – SUI is set to reach \$7.50, more than double its current price, sometime in September. How thrilling! 🎉
The analyst also suggests that SUI is preparing to break out of a bullish descending wedge pattern against Bitcoin (BTC). Cryptic, isn’t it?
“SUI/BTC ratio looks rather solid, with a clean breakout retest. I foresee a breakout and a filling of the launch wick soon.”
As we speak, SUI is trading at \$3.45. Cheerio! 🥂
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2025-06-10 23:04