Sui Holders Cash Out and Move Into This New ICO – What Do They Know? 

Author

Joel Frank

Author

Joel Frank

About Author

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…

Share

Last updated:

October 10, 2024 13:08 EDT

Why Trust Cryptonews

With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

After a sharp rise in early September, Sui (SUI) holders are beginning to cash out, turning their attention toward a promising new ICO called Meme Bets (MEMEBET).

Last week, SUI briefly touched $2.16, but profit-taking has brought the price back to $1.80.

Amid a broader market downturn, with many major coins struggling to maintain gains, SUI’s recent performance is notable.

Despite its retreat, SUI remains more than double its value since the start of September and has quadrupled from its August low of $0.47.

The initial price surge was fueled by increased on-chain activity, driven by meme coin trading and excitement over the introduction of USDC to the Sui blockchain.

Meme Bets ICO Gathers Momentum as SUI Slows

As SUI’s price struggles, some investors are moving into Meme Bets, a new ICO gaining attention in the meme coin and GambleFi sectors.

Meme Bets stands out as a platform that allows users to wager using meme coins, blending the popularity of meme coin trading with the rising trend of decentralized gambling.

In recent weeks, Meme Bets has raised over $400,000 from early investors, with experts predicting that the platform could see significant growth.

The ICO has piqued the interest of analysts due to its unique positioning within both the meme coin market and the burgeoning GambleFi space, where crypto gambling is becoming increasingly popular.

What Makes Meme Bets a Standout in the ICO Market?

Meme Bets is not just drawing attention for its one-of-a-kind concept; the project has also attracted a large number of airdrop hunters.

It has reserved 20% of its token supply for casino rewards, which will be distributed to MEMEBET token holders based on their activity within the platform.

This potential for payouts adds another layer of appeal for investors looking for both utility and rewards from the project.

Several crypto analysts have placed MEMEBET on their list of top presales to watch.

Tyler Hill Investing and 99Bitcoins, among others, have highlighted the ICO’s potential, with some experts suggesting it could offer returns of up to 10x.

With the presale price set to increase in the next 17 hours, investors are encouraged to follow Meme Bets on X and Telegram for updates.

Buy MEMEBET Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.