DATA Network migrates to Sui

DATA Network will retire its blockchain and shift its AI training data protocol to Sui, supported by a $30 million investment from the Sui Foundation.

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$SUI continues following the textbook bullish impulsive structure, and is about to print its Daily 50/200 EMA bullish cross. I’m looking for another wave up in the Green box up to $1.50, if SUI holds $0.96. It would mean that the recent shallow retracement to 0.382 fib, which ended above the start of wave 1, and bounced from the Daily 200 and 50 EMA area, was wave 4 of 1. What follows is another minimally higher high wave 5, but its common target is the length of wave 1, which lands at $1.50, or higher if wave 5 also turns out to be extended. As you know, a 5-wave move up will complete Wave 1 of a larger degree 5-wave move up, and Wave 2 that will follow will be the next great spot buy and long opportunity. Can SUI reach the Green box with its current Wave 1?

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BREAKING 🚨 @SuiFoundation officially invests $30M in DATA Foundation, bringing a live supply of rights-cleared AI training data onto the infrastructure Sui has built for AI workloads. 👀

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Sui Foundation Invests $30M as DATA Network Retires Its Own Chain DATA Network, the AI training-data protocol formerly known as Story, is shutting down its independent blockchain and moving onto Sui. As part of the deal, Sui Foundation is investing $30M and becomes the network’s largest institutional holder. DATA tokens will migrate to Sui 1:1, and Walrus will become the default storage layer for its apps. The product is Trace, a registry that tracks where AI training data comes from and who has the rights to it, and pays the people who contributed it. Since its June launch, Trace has logged 250M+ contributions and now processes about 3M receipts a day.

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This morning I expected SUI to keep outperforming. Instead it lagged while slower names caught a bid. Changed view: outperformance is rented, not owned. Repossessed quickly. Next, I need relative strength back before calling SUI the leader. $SUI $SEI $APT $SOL

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💧 $USDSUI CROSSES $80M SUPPLY! ▸ Circulating supply hits a new ATH above $80M ▸ Supply grows 20.5% in 3 months ▸ Mysten Labs’ stablecoin boosts Sui’s DeFi expansion Sui’s stablecoin ecosystem is gaining momentum!