SUI blockchain has shown a massive surge in the transaction volume, soaring massively in the current bull run. Bulls dominate the coin at present, while Ripple (XRP) also shows a massive surge in whale activity.
Despite these bullish trends for both altcoins, IntelMarkets (INTL) dominates the market with 5x returns! The emerging platform raises over $920,000 in its presale, drawing further investors.
SUI’s Transaction Volume Surges: Key Factors Behind The Surge
The volume of transactions on the SUI blockchain has dramatically increased. Research indicates that several noteworthy blockchain advancements are the catalysts for the increase in the price of SUI and the daily transaction volume. These consist of the new technology from SUI, institutional acceptance, and the surge of meme coins.
At the start of this month, SUI unveiled an infrastructure known as the SCION, marking a significant advancement. The technique is useful as a secure substitute for the Broader Gateway Protocol. The goal of the launch is to solve Web 3.0’s internet routing risks.
The overall goals of SCION are to maximize network dependability, security, and latency. Now that security flaws have been fixed, users can deal on the blockchain with assurance. On the other hand, everyday transactions have increased as a result of network stability.
Remarkably, institutional investors are starting to show interest in SUI. This came when the Grayscale SUI Trust was introduced in August 2024. Accredited investors can learn more about SUI through this product, which enhances the number of transactions that occur every day.
A meme coin fever has also recently been observed in the SUI ecosystem. The retail buzz has significantly increased with tokens like Fud The Pug, BLUB, and Sudeng. The 24-hour trading volume of the SUI meme coin ecosystem has increased by 66% in just one day, according to data from Coingecko, and it now has a $556.6 million market capitalization.
Ripple (XRP) Witnesses Increased Whale Activity!
Whales of Ripple (XRP) have become more active in the past quarter. According to on-chain statistics, large amounts of Ripple (XRP) are being transferred from exchanges to wallets. Recently, a whale transferred 28,900,823 XRP from Binance to an unknown wallet. This frequently denotes accumulation.
Another significant transaction saw the transfer of 30 million Ripple (XRP) tokens, or roughly $15.7 million, from the Indodax exchange to an unidentified wallet. Not only that but in only 10 days, whales have amassed almost 470 million XRP, indicating a growing interest in the token.
Aside from whale activity, Ripple (XRP) has experienced an increase in visibility on social media. Also, the amount of transactions has increased significantly. Ripple (XRP) recently hit an eight-month high of $2.39 billion in transaction volume, boosted by Bitwise’s filing to launch an XRP-based ETP in the U.S. Ripple (XRP) gained credibility from the filing although many people think approval is unlikely to happen anytime soon.
Recently, the SEC appealed its lawsuit against Ripple (XRP), which dealt XRP a blow. Ripple (XRP) dropped by more than 10% after receiving this news, as was to be expected. The controversy surrounding Ripple (XRP) and the SEC will cloud the XRP coin.
IntelMarkets Surprises Investors With Unprecedented Gains
IntelMarkets is set to reward early investors with stunning profits as the presale token gears up for another leg up. IntelMarkets is a crypto perpetual exchange offering a well-equipped platform to trade futures contracts. It enables traders to speculate on the future prices of several digital assets without the limitations of expirations.
Gaining attention for its dual-chain architecture, IntelMarkets provides users with flexibility and scalability, improving the trading experiences of every user. With Ethereum and Solana blockchains integrated, traders can choose their preferred chain to trade on, enjoying the speed and cost-effectiveness the latter provides and the robust ecosystem of DeFi applications the former offers.
With one of its goals being to unleash the full potential of trading opportunities, IntelMarkets offers users incredible leverage options reaching 1,000x, allowing them to realize maximum profits from any asset traded. Users can also borrow liquidity, copy expert trades, and access restricted trades.
INTL, its native token, just entered Stage 3 of its public presale at $0.027, with investors bagging 200% profit from its upward movements since the presale kicked off. Now, another opportunity has surfaced to realize a 300% gain as INTL marches towards $0.11, its final presale price, but the key is to participate in the presale now.
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