SUI and Dogecoin (DOGE) whales shift focus to a new DeFi project in which they invest millions of dollars.
In a shocking twist, whale investors in mainstays, such as Sui (SUI) and Dogecoin (DOGE), have deflected to explore opportunities in a new project that has taken the crypto industry by storm. Because of its value proposition and growing community of supporters, this emerging project has captured millions in investors' funds, signifying a possible paradigm shift in the overall investment landscape.
What makes this new project so appealing to SUI and DOGE investors? Read to find out.
Sui is struggling to stay above the psychological $4 threshold due to rising volatility in the crypto market. The bulls and bears are tugging at each other over this level as it represents a turning point for the altcoin.
With bearish pressure mounting, SUI signals an imminent descent below this level. Market participants are wary, having seen this level retested multiple times.
SUI's four-hour chart reveals an ongoing retraction, with the pullback forming a widening channel pattern within two critical zones – demand and supply. While the demand zone spans $3.48 to $3.44, the supply region is between $4.80 and $4.85.
With SUI losing bull power at the 200-day EMA, the price will likely slide below this level to test the $3.65 support or crash to the demand zones. SUI trades at $4.06, down 2 17% over the week.
Recent transactions by whale investors have mounted pressure on Dogecoin, which struggles to stay afloat. Notably, whales transferred 466,890,148 DOGE in a single transaction from an unknown wallet to an unspecified location.
This transaction has raised brows within the Dogecoin community, mainly because of its enigmatic nature. The tokens transferred were valued at $149 million when the transaction was conducted.
Given that there is no known reason behind this colloidal transfer, market participants speculate that the DOGE tokens may have been transferred to an exchange in a bid to sell. This opinion triggered a slight drop in Dogecoin's price and market capitalization.
Dogecoin's market capitalization dropped 2.40% to $45.74 on the day the transaction was executed. In the same vein, DOGE fell 2.15% over the week to $0.32.
Due to established players like SUI and DOGE struggling, investors have diverted funds to nascent projects like INTL as they offer a haven from the market's distress. has reportedly raised over $5.6 million amid its ongoing presale as investors pump funds into its ecosystem.
This move shows investors' confidence in IntelMarkets' potential and its native token, INTL. However, it is worth understanding what is the boost behind this confidence.
IntelMarkets is a decentralized AI-powered marketplace where crypto traders can trade perpetual contracts with incredibly high leverages. Unlike centralized, traditional platforms, the platform gives users complete autonomy over their operations and up to 1,000X leverages to trade any cryptocurrency they choose.
The marketplace was built on a dual-chain architecture supported by Ethereum and Solana. It uses the powers of this blockchain to ensure that users enjoy cost-friendly solutions within a secure and liquid ecosystem.
The uniqueness of IntelMarkets has elicited significant interest from institutional and retail investors, whose presence is crucial in sustaining its operations in the long run.
INTL is now in Stage 8 of its ongoing presale, leaving four stages to go. Early participants have realized more than 700% of their initial capital and are on the verge of pushing their gains to 1,100% ROI.
From its current price of $0.07, those who missed the previous stages can still make 50% profit when INTL hits its listing price of $0.11.
With the token expected to soar after its exchange debut, INTL has become a proper choice of investment for SUI, DOGE, and whale investors across different ecosystems in the crypto world. Therefore, buy INTL now!
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