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Is Sushiswap SUSHI/USD a good buy after a 13% jump on GoldenTree investment?

Is Sushiswap SUSHI/USD a good buy after a 13% jump on GoldenTree investment? thumbnail
  • SushiSwap rose by 13% on Thursday 

  • GoldenTree revealed a $5.3 million holding 

  • SUSHI has hit the descending trendline, and the focus will be on the price action

Sushiswap SUSHI/USD rose more than 13% on Thursday, capping a substantial 18% gain in the past week. The gains on Wednesday reflected surging trading volumes up more than 130% as of press time. Positive news was behind the surge.

On October 5, global asset manager Golden Tree revealed a stake of $5.3 million in SushiSwap. The asset management firm controls about $50 million in assets. That indicated a potential big money flow in SUSHI and a validation of the DEX. In its press release, Golden Tree indicated it had been “following SushiSwap for a while.”

Potentially, the news of investment by GoldenTree hints at wh

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