SOLANA PUMPS price

+40% in 1 day - $OPUL This will be a routine just hold n watch...

Don't sleep on protocols that are pushing Solana to become better > Jupiter spot liquidity aggregation > Kamino brought safe, high yields to all > Sanctum brought LST expansion Ranger is bringing Perp DEX liquidity aggregation It will also bring Hyperliquid liquidity to Solana. A lot of you are farming protocols that you know have 0 utility and need to exist Ranger makes Solana better - pay attention.

The post FTX Sold SUI for Just $96M, Now Worth Over $6.4B! appeared first on Coinpedia Fintech News SUI has become one of the hottest altcoins in the crypto space right now. In the past year alone, it has recorded a jaw-dropping gain of 389.3%, leaving even Bitcoin and Ethereum behind, which rose by 85.9% and 6.5%, respectively. The momentum hasn’t slowed down. In just the past 30 days, the SUI price surged by 41.2%, reaching $4.09 at the time of writing. And since the start of 2024, SUI has rallied by more than 427%, making it one of the top-performing assets of the year. But what’s grabbing just as much attention as the price rally is a shocking detail from a recent court filing involving FTX. FTX’s Costly SUI Deal: A Billion-Dollar Mistake Before collapsing, FTX had struck a deal to obtain a massive stake in SUI. The court filing reveals that the bankrupt exchange had secured rights to 888 million SUI tokens for just $1 million, along with an additional $101 million investment that gave it access to up to 1.6 billion SUI tokens. The shocking part? FTX sold its entire SUI stake back to Mysten Labs, the creators of the token, for only $96 million in March 2023—just two months before SUI launched its mainnet. Given today’s price of $4.09, that original stash of 888 million tokens would now be worth over $3.55 billion, and the full 1.6 billion stake would be valued at more than $6.46 billion. In hindsight, it was a deal that cost the exchange billions in missed opportunity. Did you know SBF got the rights to 888 million $SUI tokens for just $1 million? It was a side-deal to a larger $101M investment, all confirmed in court docs. Fast forward to today: $SUI is trading at ~$4.04 per token. That side position alone would be worth $3.59 BILLION. But… pic.twitter.com/2C5QAijeJ5— Simon (@simononchain) July 16, 2025 Why Did FTX Sell So Early? The answer lies in the urgency surrounding its downfall. Following the collapse caused by customer withdrawals and the Alameda Research scandal, FTX was scrambling to raise funds for creditor repayments. The token sale, in their eyes, was a quick fix—albeit one that has aged poorly. What’s more, many believe the exchange could have benefited significantly had they simply waited for the token launch. Just weeks after the deal, on May 3, 2023, the SUI token officially launched, and its price began to climb steadily, fueled by strong fundamentals. Also Read :   FTX Unstakes $30.9 Million in SOL, Can Solana Stay Strong?   , SUI’s Fundamentals Are Winning Attention SUI’s explosive growth isn’t just hype. Its underlying tech includes a unique object-based architecture, designed to enhance scalability. Additionally, the protocol has seen a significant rise in daily transactions, DeFi adoption, and institutional interest. Its growing Total Value Locked (TVL) is another signal that developers and investors are taking the project seriously, which helps explain its strong price action throughout 2024. Mysten Labs Played It Right While FTX’s move is seen as a loss, Mysten Labs comes out looking strategic. The decision to repurchase SUI tokens from FTX not only protected the token’s early distribution but also allowed it to strengthen control during a crucial development phase. This case shows how well-timed buybacks by project creators can significantly impact a token’s long-term success and stability. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News FAQs Why is the SUI price going up so fast? SUI is gaining momentum due to its innovative object-based blockchain architecture, rising developer activity, growing DeFi ecosystem, and increased institutional interest. Its Total Value Locked (TVL) has also surged in recent months, attracting more retail and institutional investors. What was the FTX and SUI deal all about? FTX secured early access to around 1.6 billion SUI tokens for just $102 million. However, it sold its entire holdings back to Mysten Labs for only $96 million, just weeks before SUI’s mainnet launch. At today’s prices, the same holdings would be worth over $6.4 billion. Who owns the majority of SUI tokens now? While exact details aren’t public, Mysten Labs—the creators of SUI—repurchased a major chunk of tokens from FTX. The rest are distributed across exchanges, validator rewards, and community incentives.

$ETH is leading the reserve-style altcoin season, who will be next? Today, the market sentiment finally feels a bit of FOMO, and the market is currently starting to pull back. However, I still think this is just the beginning, mainly because the on-chain activity hasn't really started to recover yet 🧐 Here are a few projects that have the potential to move towards AI reserves: $WLD $TAO $NEAR. If we talk about whether there is an altcoin season recently, it probably falls into the category of "whether there are reserve companies or ETFs"... very straightforward 😂 Whether there are institutional backers, whether there are U.S. resources, and whether there are industry advantages are all elements to consider. Besides the major mainstream coins like $BTC $ETH $HYPE $SOL, I believe the next direction will expand into the AI track or public chain track. Since yesterday, more companies have started to create $DOGE reserves. I believe other altcoins are definitely not far behind, which means we need to study which altcoins will emerge from this. I will focus on researching public chains and ecosystem-level coins. 💡 $WLD: No need to say much, Sam Altman is definitely making moves here. ChatGPT has also recently launched the agent feature, combining Operator and Deep Research, two AI tools, allowing users to extend from simple chat conversations to executing complex operations. Pantera Capital published an article. Why are we investing in Worldcoin? It gives me a feeling similar to when $TON was released, plus there was a stir earlier in June when Reddit collaborated on iris scanning devices. However, Vitalik opposed the previous iris identity issue, believing that a multi-identity system is a better solution. Worldcoin's approach is undermining online anonymity. 💡 $TAO: @opentensor Bittensor has always been a highly regarded AI ecosystem in the English-speaking community. If you're interested, you can follow @0xPrismatic @Defi0xJeff. Currently, it is the second hottest AI ecosystem for me after Virtual. The variety of subnets is also becoming more diverse, with major institutional resources backed by DCG (Grayscale's parent company). Although founder Barry Silbert resigned from his board position at Grayscale at the end of 2023, the establishment of Yuma, a subsidiary focused on the Bittensor ecosystem, in November last year is also significant to me. Recently, the reserve craze has started to accumulate companies that are acquiring $TAO, which is worth noting. 💡 $NEAR: The Near ecosystem has seen a surge in discussion recently, and there are quite a few actions. Although it's hard for everyone to associate Near with AI, I previously mentioned that Near's co-founder @ilblackdragon is actually an authority in the AI field. @NEARProtocol's recent major move is the launch of the "Intents-based Launchpad." This has pushed out these projects at once, and the opportunity is here: @intellex_xyz @ConsumerFi @vibesdotfun @OpenForest_ @FractionAI_xyz @Pai3Ai. There are resource advantages, so we can pay attention to any positive news from the outside as the current ecosystem gains momentum. I saw that on July 16, Bitwise also published an article introducing Near, which is quite proactive. Now let's see if there are more positive data emerging on-chain.

One of my favorite posts hits even harder now after the $PUMP TGE. yo, ready to finally dive into Bitcoin memecoins - aka Rune -now, mfer?