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RUNE becomes top gainer amid Binance withdrawal suspension

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RUNE, the native utility token of the THORChain decentralized liquidity protocol, has emerged as the top gainer among the top 100 cryptocurrencies, while Binance partially suspended the asset’s withdrawals. RUNE gained 7.6% in the past 24 hours and is trading at $1.61 at the time of writing. The rise comes while the asset’s 24-hour trading volume registered almost 50% incline, currently at $50 million. RUNE price, social volume and positive sentiment – Sep. 7 | Source: Santiment Moreover, RUNE’s market cap rose to $546 million, making it the 61st largest crypto asset. You might also like: Binance will reportedly delist Monero and privacy coins in Belgium The price hike comes while the largest crypto exchange by trading volume, Binance, suspended RUNE withdrawals on its BNB Beacon Chain (BEP2). The exchange noted that the suspension comes due to high wallet congestion. However, RUNE’s withdrawals on THORChain and the asset’s deposits on both networks seem to be...

SUI price rises despite negative market trends

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Sui token’s (SUI) price has struggled over the past month, falling to a one-month low of around $0.46 on Aug. 18 as almost the whole crypto market turned red.  However, as the asset’s social activity grew, SUI’s price turned green, recording a 6.7% rise over the past 24 hours. According to Santiment, the Sui token’s social dominance surged by 200% in the past 24 hours — this happened for the first time since mid-May 2023. SUI price, social dominance, total OI and development activity – Aug. 23 | Source: Santiment On the other hand, the asset’s total Open Interest (OI) has dropped from $771 million to $604 million over the past three days. Per Santiment, SUI’s total OI suddenly rose from $469 million on Aug. 16 to $702 million on Aug. 17. You might also like: Sui announces the launch of its developer portal  According to data provided by the market intelligence platform, the development activity of the Sui network has been consistently dropping since the star...