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The US SEC has approved the world’s first 2x leveraged SUI ETF, and it’s officially listed on Nasdaq. This news has set the SUI community on fire! SUI’s price is currently around 1.3, and some people are calling for it to rise to 15, or even $50. Is this a real trend or just FOMO at play?
I’m bullish on this run for three reasons: a major regulatory breakthrough, opening the door to institutional investors; product innovation coming to fruition, doubling the speed of capital inflows; and a continuously growing ecosystem with solid technology and more payment scenarios. SUI is currently severely undervalued, and the ETF provides long-term liquidity support—once the funds flow in, there’s huge upside potential. $XRP $SOL $SUI
The realization of positive news marks the beginning of a trend; any pullback might be the last chance to get on board. What do you think of the ETF approval’s impact on SUI? Where do you think it’s headed next? Follow Musen to avoid traps and seize the market!