🚨 SuiBall Wallet, a hardware wallet designed for SUI coins, announces it is ceasing operations. Is $SUI affected?
Hardware wallet SuiBall has announced that it is ceasing operations. The Sui Foundation decided that the risks of supporting a hardware wallet project are currently too high, following recent security attacks in the industry. The cost of preorders will be refunded in USDC.
My take: This is news about a side product, not the Sui network itself, so its direct impact on the price is limited. The technical level remains what matters.
$SUI is currently at 0.83 after bouncing from its strongest support at 0.8000. As long as it stays above that level, the rebound remains intact and further gains are more likely; a close below it could open the door to a steeper decline.
Will $SUI continue its upward rebound, or will it be affected by the news, break support, and collapse?
Hardware wallet SuiBall has announced that it is ceasing operations. The Sui Foundation decided that the risks of supporting a hardware wallet project are currently too high, following recent security attacks in the industry. The cost of preorders will be refunded in USDC.
My take: This is news about a side product, not the Sui network itself, so its direct impact on the price is limited. The technical level remains what matters.
$SUI is currently at 0.83 after bouncing from its strongest support at 0.8000. As long as it stays above that level, the rebound remains intact and further gains are more likely; a close below it could open the door to a steeper decline.
Will $SUI continue its upward rebound, or will it be affected by the news, break support, and collapse?
