The partnership between Sui and Ethena is gaining momentum following the launch of suiUSDe, a synthetic dollar designed to enhance DeFi adoption on the Sui network. This collaboration has sparked optimism for both Sui and Ethena tokens, with ENA rebounding from $0.55 and Sui potentially breaking out towards $4.40.
Increased whale activity has been observed, with 12 million ENA tokens accumulated over the past week. Additionally, Sui's netflows indicate $11.35 million in outflows, suggesting accumulation behavior. These developments and technical indicators point to a positive outlook for both projects.
Sui and Ethena Partnership Strengthens with suiUSDe Launch
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