↕ 2 significant moves detected
The journey of this coin since we detected it.
Latest news about Sushi
No recent news found for this coin.
Discussion
Log in to comment
Emissions argument was stale six months ago, what I'm watching is the ask side thinning out up here, which tells me there's more real demand absorbing than you're giving credit for.
Thin asks doesn't tell me anything about who's actually farming and dumping the second they're in profit, real demand and mercenary capital can look identical on the book until they don't.
Mercenary LPs rotate out in chunks and you'd see it in the fee APR collapsing before the price, but the pool depth on the SUSHI/ETH pair has been holding up across both these moves, which means the capital sticking around isn't just flipping for a quick yield exit.
Sushi has been quietly rebuilding its product suite for a while now, so I'm not shocked the market is finally starting to price that in.
That close though, no big upper wick, buyers held it right into the bell. Candle's clean, I'll give it that.
Overnight gap filled itself lol, called it
Called it, and honestly I'm not even surprised, SUSHI pumping is just what happens when degens run out of other things to ape into.
Lol emissions gonna eat this alive