The SUI price surged temporarily to $3 following news that the Layer-1 token would be included in plans with Trump’s World Liberty Finance to create a strategic reserve. The announcement resulted in a sudden surge and then a slight pullback, which has left SUI in the green even as the rest of the market suffered from a flood of red candles.
Other than SUI, the Infinaeon presale has been one of the few other projects posting gains. This resilience in the face of market volatility highlights the project’s strong fundamentals and the appeal of its unique deflationary value proposition.
The crypto market has been struggling as global markets are rocked by tariff announcements coming from the United States. This uncertainty has led to a risk-off sentiment, with investors seeking safer assets and causing a decline in the price of many cryptocurrencies.
This article will delve into the recent SUI price surge and explore the factors contributing to its resilience amidst the market downturn. It will also examine the Infinaeon presale and the INF token, which is set to go live on April 22nd.
SUI Price Briefly Surges Above $3 On Liberty Announcement
The SUI price surged by over 20%, briefly, on news about the project’s partnership with Trump’s World Liberty Financial. The announcement suggested that SUI would play a central role in the president’s crypto project’s strategic reserve, which already includes Tron (TRX), Ethereum (ETH), and Chainlink (LINK).
SUI is the native token of the Sui blockchain, a Layer-1 platform designed for scalability and high throughput. It aims to compete with other Layer-1s, such as Solana, by offering fast transaction speeds and low fees. SUI utilizes a unique consensus mechanism and innovative technology to achieve this, making it an attractive platform for developers and users seeking a more efficient blockchain experience.
SUI has surged by over 80% in the past year, reaching an all-time high of $5.35 in January but proceeding to tank below $2.4 as the rest of the market took a major downturn. This volatility highlights the risks associated with investing in the crypto market, even in promising projects like SUI.
The World Liberty Financial news pushed SUI back above $3 temporarily, but it has since given up some of those gains.
Infinaeon Token Launch Nears as Q1 Draws to an End
Alongside SUI, one of the few projects that have been able to perform well amidst market turmoil has been Infinaeon. The Layer-2 scaling solution has its own mainnet, DEX, and bridge. Over the past few months, it has raised huge amounts of capital during a presale, which is nearing $1 million.
The Infinaeon presale allows investors to acquire INF tokens at a discounted price before the official token launch. The target is $2 million, and currently, there’s a presale bonus with the INF60 bonus code, giving participants a 60% bonus on their purchases.
The launch date is set for the end of Q1 2025 or when the $2 million presale target is hit, whichever comes first. With the presale nearing its conclusion, the anticipation for the Infinaeon token launch is building, and investors are eager to get involved in this promising project.
INF Holders Anticipate Burn Mechanism Post Launch
One of the most anticipated features of the Infinaeon project is the burn mechanism. Many presale investors have rallied behind the project due to its deflationary tokenomics design, which some think will reduce the threat of inflation that has often derailed Layer-2 tokens.
The burn mechanism utilizes a portion of the gas fees collected on the network to buy back and burn INF tokens. This process effectively reduces the circulating supply, creating scarcity and potentially driving up the token’s price.
The maximum supply of INF tokens is 420 million, and this figure will steadily decline as the network grows and generates more transaction fees. Currently, presale investors are eligible to receive 60% extra tokens for free ontop of their purchase by entering the INF60 code.
The INF presale is now entering its final phase as the April 22nd launch date quickly approaches.
Join The Infinaeon Presale Now
Presale: https://presale.infinaeon.com/
Telegram: https://t.me/Infinaeon/
Discord: https://discord.com/invite/WSy65uAYfd
