SUI is up 73% this past week. Everyone's talking about it. Before we uncork the champagne, let's ask a crucial question: who is really benefiting from this surge? So are you going to be here with me and the average crypto enthusiast on this … Or is this simply the latest ploy from Wall Street’s shiny new crypto division?

Democratization or Institutional Domination?

We were promised a revolution. An inclusive financial system that ensures everybody has a place at the table. In practice, crypto was supposed to be that revolution. Yet, here we are, celebrating a 73% gain while Grayscale launches a SUI Trust, allowing accredited (read: wealthy) investors to get in on the action.

Does this sound like democratization to you? If anything, it sounds more like Wall Street 2.0 – same players, new assets.

Here's the disconnect: Crypto was meant to bypass the traditional gatekeepers. Now, those same gatekeepers are in the process of constructing their own crypto-castles. That’s not necessarily a bad thing if the overall rising tide is lifting all boats. Does it? Or does it simply produce larger yachts for the super wealthy?

Consider this unexpected connection: It's like the early days of the internet. The promise was connection and democratized information. Today? A few large tech companies monopolize our access to information and concentrate private wealth beyond imagination. Are we about to make the same mistake with crypto?

Accessibility: A Luxury, Not a Right?

SUI’s partnership with xPortal and xMoney to issue a virtual Mastercard in Europe takes the cake. And now, finally, spending crypto at 20,000+ merchants with Apple Pay and Google Pay! Let's be real. How many of those very early adoptions understand the tech behind it? And how many have the resources to just learn how to use a wallet, deal with their own gas fees and that of DeFi?

Are we establishing a crypto world that’s really for the people? Or are we merely building a wonderful new tech-savvy elites’ playground, available only to those who can afford expensive financial advisors, to boot?

What about the environmental impact? SUI is launching with strong TVL growth and daily DEX volume growth. What's the cost to the planet? Gen Z, the generation that will one day inherit this world, is putting their money on sustainability. If SUI truly wants to be “crypto for the people,” it should eliminate its environmental footprint. Otherwise, it risks alienating a crucial demographic.

  • Is SUI truly accessible to those without technical expertise?
  • Are there educational resources readily available to help newcomers navigate the crypto space?
  • Is the environmental impact being minimized?

If the answer to any one of these questions is “no,” then we’re failing on the most basic promise of crypto.

Regulation: Savior or Suffocator?

The potential for market manipulation in crypto is not a theoretical concern. Pump-and-dump schemes, insider trading… it’s the Wild West out there. Is SUI’s 73% increase based on real demand, or is it all artificial hype? The RSI yelling “overbought” should make you stop and think.

Here's the fear: Without proper regulation, retail investors are lambs to the slaughter. They’re baiting the pump by pretending to give everybody access to the hot new thing, knowing they’ll be fleeced by market makers or whales.

Some argue that regulation stifles innovation. I disagree. Thoughtful regulation can help protect consumers, encourage trust in a new market, and help create a more level playing field. We need regulators who both understand the technology and have the will to act decisively to prevent abuse.

Think of it like this: We have seatbelts in cars and safety regulations for airplanes. Why? Because we value human life. Shouldn’t we expect at least the same level of protection in the financial world, particularly in something as speculative as crypto?

Recommended price target of SUI $11.50, based on Elliott Wave analysis, looks appetizing. Remember, this is not investment advice. Do your own research. Be skeptical. Demand accountability.

  • Progressive taxation on crypto gains to redistribute wealth.
  • Stricter regulations on institutional investors to prevent market manipulation.
  • Initiatives to promote financial literacy and accessibility.

Their dream of “crypto for the people” isn’t completely dead. It’s our responsibility to ensure that it doesn’t turn into just another Wall Street scheme.

The dream of "crypto for the people" is still alive. But it's up to us to make sure it doesn't become another Wall Street game.