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