Trader Eugene: Recently, there has been a strong momentum in SUI or possibly early positioning, and the specific impact is quite challenging to quantify

By: theblockbeats.news|2025/07/29 00:42:18
0
Share
copy

BlockBeats News, July 29th, Trader Eugene Ng Ah Sio posted on his personal channel stating that he personally believes that the recent strong price performance of SUI may be related to insider positioning in the "SUI Treasury News" trading (although the extent of the impact is difficult to quantify). Based on this assessment, although he does not believe this will constitute a significant bearish signal, due to the inability to accurately assess how much of the market has already front-run this news, he has chosen to take profit and close his long position.

BlockBeats previously reported that today, non-bank loan company and financial firm Mill City Ventures III, Ltd. (NASDAQ:MCVT) announced that it has entered into a securities purchase agreement to invest in publicly traded equity in a private placement transaction, purchasing and selling 83,025,830 shares of common stock at a price of $5.42 per share, with an expected total proceeds of approximately $450 million (net of placement agent fees and other issuance expenses). The company plans to use approximately 98% of the net proceeds from the private placement to acquire the native token SUI of Sui Blockchain and approximately 2% of the net proceeds to support the company's short-term lending business. SUI will serve as the company's primary financial reserve asset.

-- Price

--

You may also like

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.