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
GIPHY App Key not set. Please check settings