Currencies

Ripple, Sui & Toncoin — Asian Wrap 23 January


The Chicago Mercantile Exchange (CME) allegedly plans to launch Ripple’s XRP and Solana (SOL) futures contracts following a now-deleted post on a staging website detailing how trading for both assets will function.

Sui (SUI) price extends its decline, trading below $4.37 on Thursday after rejecting from its ascending trendline in the previous day. Coinglass data shows that SUI’s long-to-short ratio reached the lowest level in over a month, reflecting a bearish sentiment. Moreover, the technical outlook suggests a correction as momentum indicators show weakness, projecting a 30% crash ahead.

Toncoin price crossed $5.3 on Wednesday, driven by bullish sentiment after President Donald Trump pardoned early-Bitcoiner Ross Ulbricht. On-chain analysis shows that whale investors had been on a 10-day buying spree before the latest bullish news events surrounding Privacy-focused coins.  




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