Immutable

Scallop

Shiba Inu

Sudeng, a recently launched meme coin on the Sui Blockchain, rose by over 30% as cryptocurrencies recovered. 
Sudeng (<a rel="" href="https://crypto.news/price/sudeng/">HIPPO</a>) rose to a record high of $0.0143 on Oct. 3, a 180% increase from its lowest level this week. 
This rally happened as demand for Sui (<a href="https://crypto.news/price/sui/" target="_blank">SUI</a>) meme coins jumped, with their <a href="https://www.coingecko.com/en/categories/sui-meme" target="_blank" rel="nofollow">total market cap rising</a> to $234 million. 
Blub, the second-biggest meme coin in the ecosystem after Sudeng, rose by 10% in the last seven days. Fud the Pug (<a rel="" href="https://crypto.news/price/fud-the-pug/">FUD</a>) and aaa Cat jumped by over 107% and 665% in the same period. 
Sudeng’s rally happened as the Sui Blockchain continues to see robust activity. Its token has been the best-performing big coin in the last 30 days as it jumped by over 127%. 
 You might also like: <a rel="" href="https://crypto.news/bitcoin-hits-62k-as-ftx-token-beam-shiba-inu-soar-after-us-adds-254k-jobs-in-september/"> Bitcoin hits 62k as FTX token, Beam, Shiba Inu soar after US adds 254k jobs in September </a> 
<h2 class="wp-block-heading" id="sui-blockchain-is-doing-well">Sui Blockchain is doing well</h2> 
More data shows that the total value locked in its ecosystem has risen by over 66% in the 30 days to over $1.01 billion. This growth makes it the seventh-biggest blockchain in the industry, with the biggest players being NAVI Protocol, Cetus, Suilend, and Scallop Lend. 
Sui has also become a big name in the DEX industry, helped by the strong performance of meme coins in its ecosystem. Its DEX volume rose by 32% in the last seven days to over <a href="https://defillama.com/dexs/chains" target="_blank" rel="nofollow">$826 million</a>, making it the sixth-biggest name in the industry. 
According to <a href="https://suiscan.xyz/mainnet/home" target="_blank" rel="nofollow">Suiscan</a>, total transactions in its network rose by over 12.5 million in the last 24 hours to 2.02 billion.&nbsp; 
Meme coins have become a big part of the crypto industry, with data by CoinGecko estimating that they have a combined market cap of over $50 billion.&nbsp; 
Their surge has made many people highly wealthy. According to <a href="https://x.com/lookonchain/status/1842169520741585172" target="_blank" rel="nofollow">Lookonchain</a>, one of Sudeng’s holders sold his 2.53 billion HIPPO tokens for $7,500. With Sudeng’s price surging, these tokens would be worth over $30 million. 
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Sudeng soars to record high as Sui meme coins gain traction

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