NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

What’s Sushiswap cooking? Holders prepare for upside move

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
Sushiswap SUSHI

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Decentralized exchange Sushiswap has not lagged behind Uniswap Labs’ v3 announcement. In an official post, they have introduced new products called BentoBox and Kashi Lending. Now, users of the platform have a new tool to maximize their earnings:

BentoBox is a vault, serving as a decentralized “App Store” where you can deposit assets within to enable other Dapps. We are excited to announce that Kashi is our first Dapp within BentoBox, a margin trading platform powered by its lending protocol, allowing users to create lending token pairs of a wide range of however they perceive could optimize returns.

BentoBox will allow its users to generate profits from flash loans and other strategies that build on the product, according to the release. Kashi will be the instrument that will allow the use of tokens stored in BentoBox:

for lending, borrowing, and most importantly, one-click leverage trading transactions.

This announcement coincides with data shared by analyst Ali Martinez, recording an increase in development activity related to the Sushiswap during the last week. As shown in the image below, development activity has been increasing since the beginning of March until reaching a peak on the 13th of this month.

Simultaneously, the analyst has indicated a distribution chart of SUSHI holders indicates that “insiders may be preparing for a bullish impulse”. In the past two days, addresses holding the SUSHI token have grown by 8.10% from 10,000 to 100,000.

In anticipation of a possible bull-run, 15 new “mid-sized” whales have taken a position in SUSHI, since March 24. As a result, buying pressure on SUSHI has shown a significant increase. These investors seem to be confident that SUSHI’s price will prolong its rally in the coming days.

Sushiswap (SUSHI) outperforms UNI

Over the last day, according to DeFi Pulse data, Sushiswap has had a 0.64% increase in total value locked (TVL) to rank 6th in the top 10 DeFi protocols. In contrast, Uniswap has had a 3.40% growth in the same period.

However, governance token SUSHI has seen higher growth in the last 24 hours with gains of 12.3%. On the weekly chart, losses still stand at 16.6%, but on the monthly chart, gains are at 12.4%.

SUSHI on a bullish trajectory in the 24-hour chart. Source: SUSHIUSDT Tradingview

UNI shows gains of 4.7% on the last day and trades at $28.42. In the short term, SUSHI holders may still face significant resistance. IntoTheBlock’s Global In/Out of the Money metric indicates that around 5,200 directions bought 87 million SUSHI in the high $10 range. These investors could take profit at current levels.

Sushiswap SUSHI
Source: IntoTheBlock

Decentralized exchange Sushiswap has not lagged behind Uniswap Labs’ v3 announcement. In an official post, they have introduced new products called BentoBox and Kashi Lending. Now, users of the platform have a new tool to maximize their earnings:

BentoBox is a vault, serving as a decentralized “App Store” where you can deposit assets within to enable other Dapps. We are excited to announce that Kashi is our first Dapp within BentoBox, a margin trading platform powered by its lending protocol, allowing users to create lending token pairs of a wide range of however they perceive could optimize returns.

BentoBox will allow its users to generate profits from flash loans and other strategies that build on the product, according to the release. Kashi will be the instrument that will allow the use of tokens stored in BentoBox:

for lending, borrowing, and most importantly, one-click leverage trading transactions.

This announcement coincides with data shared by analyst Ali Martinez, recording an increase in development activity related to the Sushiswap during the last week. As shown in the image below, development activity has been increasing since the beginning of March until reaching a peak on the 13th of this month.

Simultaneously, the analyst has indicated a distribution chart of SUSHI holders indicates that “insiders may be preparing for a bullish impulse”. In the past two days, addresses holding the SUSHI token have grown by 8.10% from 10,000 to 100,000.

In anticipation of a possible bull-run, 15 new “mid-sized” whales have taken a position in SUSHI, since March 24. As a result, buying pressure on SUSHI has shown a significant increase. These investors seem to be confident that SUSHI’s price will prolong its rally in the coming days.

Sushiswap (SUSHI) outperforms UNI

Over the last day, according to DeFi Pulse data, Sushiswap has had a 0.64% increase in total value locked (TVL) to rank 6th in the top 10 DeFi protocols. In contrast, Uniswap has had a 3.40% growth in the same period.

However, governance token SUSHI has seen higher growth in the last 24 hours with gains of 12.3%. On the weekly chart, losses still stand at 16.6%, but on the monthly chart, gains are at 12.4%.

SUSHI on a bullish trajectory in the 24-hour chart. Source: SUSHIUSDT Tradingview

UNI shows gains of 4.7% on the last day and trades at $28.42. In the short term, SUSHI holders may still face significant resistance. IntoTheBlock’s Global In/Out of the Money metric indicates that around 5,200 directions bought 87 million SUSHI in the high $10 range. These investors could take profit at current levels.

Sushiswap SUSHI
Source: IntoTheBlock
Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

비트코인 하이퍼, 프리세일서 250만 달러 유치… BTC 레이어 2모멘텀 가속

비트코인 하이퍼, 프리세일서 250만 달러 유치… BTC 레이어 2모멘텀 가속

비트코인이 12만 달러를 돌파하며 투자 심리 회복을 강하게 시사하고 있다. 자본이 비트코인을 넘어 알트코인으로 이동하면서 알트코인에 대한 관심도 급증하고 있다. 특히 상승장에 폭발...

Soyeon Lee 1 hour ago

Google AI預測2025年山寨幣千倍幣:XRP、Pi幣與Snorter強勢爆發

在2025年夏季,比特幣成功突破12.2萬美元歷史高點之後,加密貨幣市場再次迎來熱潮,而山寨幣則成為這波資金輪動中的關鍵焦點。Google人工智慧平台Gemini近日發佈的最新預測報告中指出,多種特定...

Mark Mak 6 hours ago

TOKEN6900已募資突破53萬美元 達成硬頂10%

當你把毫無計畫、類似邪教的追隨者,以及加密貨幣混在一起會發生什麼? 令人滿意的是,僅用了兩周,你就能看到超過 53萬美元 的融資成果。 但如果你以為 TOKEN6900(T6900) 的崛起歸功於某個...

estherw 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin má nové ATH.

Bitcoin překonává hranici 120 000 dolarů, jaké coiny s ním rostou nejvíce?

Lenka Hanzlíková 8 minutes ago
Altcoins, alt season, crypto, Tron, SUI, Polygon

SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent?

Rubmar Garcia 45 minutes ago
Crypto news Jerome Powell firing

Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Jake Simmons 1 hour ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    10 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    16 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    16 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    17 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.