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Sui faces $400M in insider selling allegations, while Chainlink shows bearish trends. Amid this, Lunex Network raises over 800,000 USDT, emerging as a leading altcoin for Q4.
Sui is currently facing insider selling allegations worth $400M, and Chainlink’s technical analysis is painting an extremely bearish pressure. Amidst this market sentiment, Lunex Network is emerging as the leading altcoin in Q4 by raising more than 800,000 USDT in record time.
Sui price declines after insider selling allegations
Sui’s recent price surge has triggered allegations of insider selling as wallets that have held SUI since its ICO reportedly sold more than $400M worth of tokens during the rally. Since these allegations came after Sui recorded massive 120% gains between September and October, Sui’s price is now experiencing significant selling pressure.
Sui is currently trading for $2.04 after an intra-day decline of 4.89%. Although Sui is trading above its key Simple Moving Averages at the current price, Sui’s Momentum Indicator is still suggesting bearish dominance. If Sui loses investor confidence due to these allegations, Sui’s price could fall to the critical $1.46 pivot soon.
Chainlink co-founder hints at massive price surge in 2025
Chainlink’s co-founder Sergey Nazarov recently claimed that he wouldn’t be surprised if Chainlink reaches the $500B milestone in terms of on-chain Real-World Assets. According to Nazarov, Chainlink will experience significant inflows from institutional investors within the next 12 months. Despite this optimistic statement, Chainlink’s daily chart is still flashing strong sell signals.
Chainlink is currently trading for $11.14 after an intra-day decrease of 1.27%. Chainlink’s volume has increased by 38.36% over the last 24 hours which typically suggests a profit-booking sentiment. Since Chainlink’s Momentum Indicator and MACD line are also presenting a bearish outlook, Chainlink’s price could fall to the $9.76 support in upcoming weeks.
Can Lunex Network Outshine SUI and LINK in Q4?
Savvy traders already know that presales and ICOs are the best time to invest in explosive tokens, but Lunex Network’s viral presale is defying all odds. By raising nearly 1M USDT within a few weeks of its ICO launch, Lunex Network is redefining what ‘explosive’ means. If this upward trend continues in Q4, analysts believe Lunex Network could easily surpass all major tokens and experience a massive 100x rally on launch day.
The secret to Lunex Network’s rise to fame is the platform’s cross-chain interoperability features. While traditional crypto exchanges still restrict traders to a single blockchain network, Lunex Network is breaking these barriers by bridging the gap between isolated networks. Since Lunex Network is compatible with more than 40,000 different blockchains, traders can select any crypto pair to swap regardless of its network.
To make things even better, Lunex Network is fully committed to enhancing user experience when it comes to crypto trading. As part of this strategy, Lunex Network has a no-KYC policy that allows traders to maintain their anonymity while trading. In addition, Lunex Network also encrypts all financial transactions and trades directly on Ethereum’s immutable blockchain which makes this new DeFi exchange safer than all other alternatives in the market.
This week, Lunex Network has kicked off its third presale stage with an initial price of just $0.0015 per token. As Lunex Network’s demand skyrockets through the roof, analysts are projecting up to 1800% gains for LNEX before presale concludes.
For more information, visit the Lunex Network official website or join the online community for the latest updates.
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