SUI Crypto Surges to $3 Amid Pokémon Partnership Speculation with Sui Blockchain

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A wave of speculation is building within both the Pokémon and cryptocurrency communities following a series of intriguing developments. A seemingly minor update to the popular Pokémon HOME application, coupled with a revised privacy policy and a swiftly edited blog post from the Sui Foundation, has ignited discussions about a potential foray by The Pokémon Company into the world of Web3 through a partnership with the Sui blockchain. While official confirmation remains elusive, the coincidences are proving hard to ignore for keen observers.

Pokémon HOME Update Sparks Web3 Whispers

On April 23rd, Pokémon HOME, the cloud-based storage service for Pokémon, introduced a new “medal” collection feature. Initially perceived as a standard app enhancement, the update took a curious turn with an alteration to the application’s privacy policy in specific regions. This updated policy now includes a reference to Parasol Technologies, a name unfamiliar to most users.

The connection that has crypto enthusiasts buzzing is that Parasol Technologies was recently acquired by Mysten Labs, the core team behind the Sui blockchain. This subtle inclusion within the Pokémon HOME privacy framework has fueled speculation about a deeper collaboration brewing between the beloved franchise and the blockchain space.

Sui Foundation’s Cryptic Clues and Swift Retraction

Adding further intrigue to the unfolding narrative, the Sui Foundation made an announcement on the same day regarding Parasol’s plans to launch blockchain-based trading card games. However, the initial version of their blog post reportedly contained a direct mention of Pokémon NFTs, a reference that was subsequently and swiftly removed. This rapid edit did not go unnoticed by the crypto community. Prominent crypto commentator Shotgun highlighted the potential significance of the new medals in Pokémon HOME, suggesting they might not be mere static tokens but rather tradable digital collectibles if integrated with blockchain technology. This possibility has generated considerable excitement among those eager to see Pokémon embrace the possibilities of Web3.

SUI Token Surges Amidst Partnership Rumors

While the potential Pokémon-Sui partnership remains unconfirmed, the native token of the Sui blockchain, SUI, is experiencing significant upward momentum. Recently breaking through key resistance levels, the coin is now trading comfortably above the $3.00 mark. Crypto analyst Ted Pillows suggests that if this trend continues, SUI could potentially reach the $3.80 to $4.00 range by early May. This price surge is accompanied by increased accumulation from large holders (“whales”) and a substantial rise in daily trading volume, exceeding $128 million.

The Sui ecosystem currently boasts a total market capitalization of over $15.79 billion, with SUI representing a significant 90.5% of this figure. The recent 26% single-day price increase, driven by robust trading activity and growing investor interest, underscores the market’s positive sentiment surrounding the Sui blockchain, potentially amplified by the swirling Pokémon partnership rumors.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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