Suilend (SEND)
1. Fundamental Analysis
1.1 Introduce
Suilend is a lending and borrowing platform on Sui.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SEND | Market Cap | 105191440.5231 |
| Name | Suilend | White Paper | -- |
| Web Site | https://suilend.fi | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.sui.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2024-12-12 |
| Available Supply | 48720041 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 2.0949 | 2.178 | 2.093 | 2.1727 | 30263.27617 |
| 2024-12-31 | 2.0241 | 2.198 | 1.9675 | 2.0969 | 666423.885812 |
| 2024-12-30 | 1.9355 | 2.1074 | 1.9175 | 2.0244 | 783816.701842 |
| 2024-12-29 | 2.0377 | 2.0789 | 1.9123 | 1.9364 | 1178666.571028 |
| 2024-12-28 | 1.8738 | 2.0546 | 1.837 | 2.0398 | 847077.831498 |
| 2024-12-27 | 1.851 | 2.5999 | 1.7865 | 1.8717 | 1347454.252901 |
| 2024-12-26 | 2.1136 | 2.1372 | 1.8431 | 1.8498 | 1779740.171744 |
| 2024-12-25 | 2.223 | 2.2718 | 2.048 | 2.1347 | 305993.887976 |
| 2024-12-24 | 2.4011 | 2.4231 | 2.1825 | 2.2201 | 240921.566474 |
| 2024-12-23 | 2.3293 | 2.445 | 2.0935 | 2.4073 | 235605.082868 |
| 2024-12-22 | 2.3858 | 2.4388 | 2.2676 | 2.3261 | 495728.277968 |
| 2024-12-21 | 2.5896 | 2.8177 | 2.35 | 2.3815 | 773105.714772 |
| 2024-12-20 | 2.5015 | 2.86 | 2.1139 | 2.5929 | 1719673.959205 |
| 2024-12-19 | 2.8165 | 2.9026 | 2.359 | 2.501 | 1705018.875006 |
| 2024-12-18 | 3.1661 | 3.1682 | 2.6987 | 2.8183 | 2735587.656444 |
| 2024-12-17 | 3.459 | 3.5352 | 3.1102 | 3.1588 | 2164019.461606 |
| 2024-12-16 | 3.107 | 4.4048 | 3.0868 | 3.463 | 11365945.202379 |
| 2024-12-15 | 3.0571 | 3.2449 | 2.9215 | 3.1037 | 3210692.818932 |
| 2024-12-14 | 3.7572 | 4.04 | 2.9 | 3.0565 | 8893493.48573 |
| 2024-12-13 | 2.6993 | 3.94 | 2.3853 | 3.7753 | 15189907.966451 |
| 2024-12-12 | 1.6552 | 150.0 | 1.6552 | 2.6995 | 8262883.028089 |
2.2 Analysis
The 30-day OHLCV data shows a highly volatile period with a significant upward trend initially, followed by a period of consolidation and a subsequent strong upward move. The final price indicates potential for further upward movement, but increased volatility and potential for corrections should be anticipated. Short-term price action suggests caution, while the longer-term trend appears bullish. Significant volume spikes coincide with major price movements, confirming the strength of the trends. Further analysis with longer-term data is recommended to confirm the overall trend.
3. News Analysis
3.1 News
20241221
- SENDs market value fell after reaching 160 million USD, and the price is currently 0.13 USDT ↑
20241212
- Bluefin will support Suilend (SEND) ↑
20241210
- Suilend: SEND tokens are planned to be issued at 13:00 on December 12 ↑
- Suilend Token SEND Token will be launched at 13:00 on December 12 ↑
3.2 Analysis
Conclusion: The cryptocurrency Suilend (SEND) experienced a short-lived surge in market value following announcements of its token launch and subsequent support from Bluefin. The initial positive market reaction, peaking at $160 million, was followed by a decline to $0.13 USDT. This suggests that initial hype surrounding the token launch did not translate into sustained investor interest, and the project may be facing challenges in maintaining its market position. Further price drops are possible, indicating a potential need for enhanced marketing strategies, product development, and community engagement to attract and retain long-term investment. The current low price of $0.13 USDT signals significant risk for investors, and the future trajectory of SEND remains uncertain and potentially volatile. Without substantial changes in market sentiment and demonstrable project progress, SEND’s long-term prospects appear weak.
