TechFlow reports, Andrew Kang, co-founder of Mechanism Capital, posted a tweet stating that although he has no concrete information, he believes SUI may be on the verge of some interesting developments.
Kang listed five reasons supporting this prediction:
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First, Raoul Pal, a member of the advisory board, has published a series of posts endorsing SUI;
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Second, there has been significant over-the-counter trading demand emerging in the market;
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Third, despite a large-scale token unlock, holders have remained relatively strong;
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Fourth, SUI's price trend remains positive without any pullback;
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Finally, recent performance upgrades to Mysticeti may create opportunities for new applications.
Kang also mentioned that some commentators noted SUI is reportedly distributing grants to promoters, which, if true, would be a bullish signal.
Earlier report, Real Vision founder: Sui could become the next breakout L1 blockchain.
