The combination of favorable factors and news about SushiSwap attracted not only retail, but also large investors to the project, and caused the growth of the SUSHI rate
The Sushi Roadmap 2.0, the upcoming cross-chain integration and the updated tokenomics of SushiSwap not only increased the growth of social volumes and retail interest in the project, but also attracted the attention of larger investors to it. In turn, this supported the SUSHI coin rate.
The decentralized crypto exchange (DEX) SushiSwap based on the Ethereum blockchain has interested a large asset management company GoldenTree. As it became known, she invested $5.3 million in the SushiSwap management token. Representatives of the company managing assets worth about $47 billion told about the purchase and about what they are going to do with SushiSwap and cryptocurrency in general at the project forum.
In response to this news, the SUSHI coin rate jumped by about 20%.
GoldenTree representatives noted that SUSHI tokenomics attracts their attention, as well as the overall structure and strategy of the project.
“We think Sushi has incredible potential. Although the project was definitely going through hard times, we were shocked by the resilience of both its team and the community. They continued to develop and launch high-quality products.”
Recall also that just a day earlier, on October 4, the DAO Sushi community elected a new executive director, or “chef” of the project. He became Jared Gray, who has experience in managing work in the crypto industry. As community members expect, the new chef will have a more tangible influence in the traditionally horizontal hierarchy of the project, which previously prevented participants from coordinating and making decisions.