SUI Network price drops 10%, while a new meme coin reaches $800,000. How to buy early?

SUI Network price drops 10%, while a new meme coin reaches $800,000. How to buy early?

The Blockchain Industry: Exploring the Ups and Downs of Solana-rival Sui Network and the Rising Star $EVILPEPE Coin

Source / Sam Cooling x Goumbik

The blockchain industry continues to evolve rapidly, with new projects and altcoins emerging every day. In this article, we will delve into the recent price movements and prospects of two intriguing players in the blockchain space: Sui Network and $EVILPEPE Coin.

Sui Network: Struggling to Gain Price Traction

Sui Network, an upcoming layer-1 ecosystem, has been facing significant downside price moves since its launch on May 3. Early backers of the Sui Network altcoin, known as SUI token, have witnessed a -58% decline in value. Despite the appeal of its Move programming and horizontal scaling, SUI is currently trading at $0.6225, with a 24-hour change of -2.1%.

To better understand SUI’s price dynamics, we can analyze its recent price action. It appears that SUI is caught in a cascading pattern, with a -9% month-over-month decline. The token also struggles to gain support from the descendant 20-day moving average (20DMA). In the past, falling away from the 20DMA resistance has led to a -12% retracement, indicating the potential for further downside moves.

Although there are some positive indicators for SUI, such as a rapid cooldown of the overheated Relative Strength Index (RSI), which now shows a significant oversold signal at 35, the bearish divergence in the Moving Average Convergence Divergence (MACD) at -0.0026 tempers the bullish outlook.

In terms of risk-reward profile, SUI faces limited upside potential, constrained by the 20DMA resistance (around $0.675 or +8.5%), while the downside risk is substantial, with lower support around $0.5 (-19.8%).

$EVILPEPE Coin: Innovating in the Meme Coin Space

Source / Evil Pepe

On the other end of the spectrum, $EVILPEPE Coin has been gaining traction as a promising meme coin. As the sinister sibling of the successful Pepe Coin, $EVILPEPE offers a twist of its own, drawing the attention of DEX traders and potential investors.

Led by a proven team behind other successful meme coins such as Thug Life Token (THUG)andSpongeBob(SPONGE), $EVILPEPE presents immense growth potential. With an initial valuation of only $2 million, the coin offers ground-floor investment opportunities for those looking to enter early.

What sets $EVILPEPE apart is not just its team’s track record but also its innovative marketing approach. Leveraging influencer partnerships, strategic promotion across social media platforms, and collaborations with crypto news outlets, the coin ensures wide visibility, a crucial factor for growth in the meme coin market. Previous successes with $THUG and $SPONGE have demonstrated the effectiveness of this strategy.

The Importance of Community and Long-Term Value

Source / EvilPepe

Another key aspect of $EVILPEPE’s success lies in its commitment to community engagement. During the initial token offering, 90% of the coin’s supply was made available, ensuring broad participation. Additionally, a one-month lock on 10% of the supply for DEX liquidity provides stability and fairness, mitigating pump-and-dump risks. This approach underscores $EVILPEPE’s dedication to long-term value generation.

The $EVILPEPE team has set an ambitious market cap goal of $100 million, representing a potential 50x increase from its initial valuation. Combined with their willingness to push boundaries in the meme coin space, $EVILPEPE holds substantial growth potential and continues to attract attention from the blockchain community.


The blockchain industry remains a dynamic and ever-evolving landscape, with projects like Sui Network and $EVILPEPE Coin showcasing different trajectories. Sui Network faces challenges in gaining price traction, while $EVILPEPE Coin leverages innovative marketing strategies and community engagement to drive growth. As investors and enthusiasts navigate this rapidly changing environment, it is crucial to carefully consider the risks and rewards associated with these investments.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Resources: – Sui Network image source: Sam Cooling x Goumbik – $EVILPEPE Coin image source: Evil Pepe – EvilPepe surge image source: EvilPepe