Sui Coin Price Falls Close to 2023 Lows. End of the Road, Or Primed to Surge?

Updated: 21 July 2023

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Sui Coin dropped approaching its lowest point in 2023, leaving investors and traders uncertain about its prospects.

As the token experiences this significant decline, is it the end of the road for Sui Coin, or might it be on the verge of a potential surge?

According to CoinMarketCap Data, today’s live Sui price is $0.6834, with a 24-hour trading volume of over $105m. SUI is down 5.8% in the last 24 hours.

The current CoinMarketCap ranking is 85, with a market cap of over $447m.

Sui Price Movement

Following the token IDO that started in mid-April across various centralized exchanges, the Sui Coin Mainnet finally went live on May 3, along with its native token SUI.

Following listing across various exchanges the same day, SUI experienced a massive price rally, pumping over 1900% to about $2 per token from its IDO price of $0.1.

However, this massive price rally was short-lived as the token experienced a quick retracement, pushing it back to lower price levels. The price of Sui Coin saw a quick bounce off from its downward trend after hitting a monthly low of $0.05063 on June 10.

Although, the price of SUI has been trading within the price range of $0.9-$0.61 for a couple of weeks now and shows constant weakness to move past this level.

Sui Near Monthly Low

As illustrated in the chart above, the price of the SUI token is approaching its previous monthly low, which was created on June 10.

This level is crucial as a price reaction off this point could be a determining factor for the long or short-term price sentiment of the SUI Token. If the price trades into this level and we don’t see a quick bounce, we would anticipate the price of SUI to trade much lower.

However, a solid bounce from this level would signify that sellers are already exhausted in pushing the price lower, and this could mean the price is ready to trade much higher into the zone represented as the “key level” on the Chart.

Mr. Hankey Might Be the Next Crypto Moonshot

The new meme coin, Mr. Hankey Token ($HANKEY), is moving the idea of “shitcoin” to a whole new level.

The Mr Hankey Token (HANKEY) features a turd as its mascot and incorporates a lot of hilarious poop-themed comedy. It pays homage to the beloved Christmas character, Mr. Hankey, from the popular show South Park.

The project team aims to approach the crypto space with a sense of fun, projecting the success of its project even though it has a crappy identity.

The token is built on the Ethereum Blockchain with a total supply of 1 billion units of HANKEY. The token has gained attention for its viral potential in the meme coin space.

Despite having a modest hard cap, the project has already been highlighted on well-known trackers like DEX Screener and CoinGecko. Before launch, the community is also being actively built, which is essential for any cryptocurrency project to succeed.

Mr. Hankey Features

Liquidity

No matter how appealing a meme currency may seem, it will be difficult to capitalize on its potential without a lot of liquidity because buying and selling will be inefficient, leading to significant price slippage.

Team commitment

The fact that the team is dedicated to delivering a token trading environment with streamlined market liquidity will attract potential buyers.

This indicates that Mr. Hankey Coin will debut on decentralized exchanges (DEXs) with more than adequate liquidity to fill all market orders.

Unique concept

This turd-themed token offers lighthearted, poop-themed comedy and aims to give “dirty money” a new meaning.

$HANKEY Presale

The Mr. Hankey Token (HANKEY) had a limited presale that sold out quickly.

The project’s hard cap remained at $500,000, and in some hours, the presale sold out its entire tokens. The presale was launched on July 13, consisting of a 40% of 1 billion (400 million HANKEY tokens) total supply. The Mr. Hankey token (HANKEY) is already trading on some exchanges.

According to CoinMarketCap Data, today’s live Mr. Hankey price is $0.000343 with a 24-hour trading volume of over $59,000. Mr. Hankey is down 35.10% in the last 24 hours.

The current CoinMarketCap ranking is #3429, with a live market cap of unavailable. The circulating supply is not available, and a max. Supply of 1,000,000,000 HANKEY coins.

How to purchase Mr. Hankey?

HANKEY is now available on decentralized exchanges.

The most popular marketplace for purchasing and trading Mr. Hankey is Uniswap V2, where the most active trading pair HANKEY/WETH, has a $59,000 24-hour trading volume

To trade Mr. Hankey (HANKEY) on Uniswap, you can follow these steps:

Fund your EVM-Compatible wallet with ETH or USDT
Visit the Uniswap website and connect your wallet to the platform.
Manually import HANKEY by copying its contract address 0x0383e1c4af6fed9f127e901ca982fa61333e932c
Click on swap and input the intended swap amount
Follow the on-screen information and confirm the transaction. Make sure you have enough ETH to cover the network fee.