Why Ethereum DeFi Coin Sushi Just Surged 15% Despite Co-Founder Exit

Why Ethereum DeFi Coin Sushi Just Surged 15% Despite Co-Founder Exit


The Ethereum-based decentralized finance coin SUSHI has surged over 15% in the past 24 hours after a brutal retracement from highs above $10.00.

Chart of SUSHI’s price action over the past day and a half from TradingView.com

Trending: Trump questions Ruth Bader Ginsburg’s dying wish about Supreme Court appointment

The coin, which is the native governance token of the SushiSwap exchange, now trades at $2.76 as of this article’s writing.

Here’s why the coin is up over 15% in the past 24 hours in spite of a recent “exit scam” by a company co-founder. Many thought that the so-called “exit scam” would mark the end of the project as he was the lead maintainer of the protocol and was the public face of the project.

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Ethereum DeFi Coin Sushi Just Surged 15%: Here’s Why

After reaching an all-time high of over $10 over the weekend, SUSHI faced a strong correction after a

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!