Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
SUI TVL Climbs to $2.16B, Whales Accumulate 240M XLM, While Dr. Herlihy’s Expert Advice Pushes BlockDAG Near $435M!

SUI TVL Climbs to $2.16B, Whales Accumulate 240M XLM, While Dr. Herlihy’s Expert Advice Pushes BlockDAG Near $435M!

TheCryptoUpdates2025/10/30 17:12
By: TheCryptoUpdates
SUI+0.53%XLM+0.17%MIT0.00%

A silent transformation is unfolding within the crypto market. Despite Stellar (XLM) facing a market decline, whales have accumulated over 240 million XLM, hinting at renewed faith in its long-term trajectory. Meanwhile, the Sui (SUI) bullish reversal continues to attract institutional attention, as its ETF proposal to the U.S. SEC and record $2.16 billion TVL solidify its growing Layer-1 presence.

Stellar Whales Move 240M XLM: Early Signals of a Recovery?

Stellar (XLM) has drawn attention from large holders, as over 240 million tokens were withdrawn from Binance within two months, the largest withdrawal since early 2024. According to data by Steph Is Crypto, Binance’s XLM reserves dropped from one billion to roughly 800 million, marking a 20–25% decline. This trend suggests whales are moving assets to secure storage, signaling confidence in Stellar’s future outlook.

For many market watchers, this accumulation phase reflects expectations for Stellar’s upcoming rebound, powered by its cross-border transaction systems and tokenized asset solutions that could reshape payment infrastructure.

Sui ETF Development Fuels Talk of a Bullish Reversal

Sui (SUI) recently climbed 2.5% after 21Shares updated its ETF filing with the U.S. SEC, introducing a staking model that strengthens its case for institutional participation. The document cites Coinbase as the staking provider and custodian, BNY Mellon for cash management, and Nasdaq as the intended listing venue. This move underscores growing confidence in Sui’s bridging of traditional finance with decentralized technology.

SUI TVL Climbs to $2.16B, Whales Accumulate 240M XLM, While Dr. Herlihy’s Expert Advice Pushes BlockDAG Near $435M! image 0

At the same time, Sui’s total value locked (TVL) spiked 11%, reaching an all-time high of $2.16 billion, with protocols like Bluefin and Momentum leading growth. The network’s monthly DEX volume also surpassed $20 billion, confirming steady user activity and robust demand. Together, these advancements and strong fundamentals make Sui a promising option for accumulation before its next significant price rally.

Blockchain Evolution Backed by MIT Legend at BlockDAG!

When a Gödel Prize-winning scientist joins a blockchain initiative, it’s more than endorsement; it’s validation. Dr. Maurice Herlihy, an eminent academic affiliated with Harvard and MIT, holds prestigious recognitions such as the Dijkstra Prize, Fulbright Fellowship, IEEE Piore Award, and Lafferty Award. His expertise in distributed systems and consensus mechanisms forms the backbone of how modern blockchain networks achieve security and scalability.

Herlihy’s foundational work in parallel computing inspired the hybrid Proof-of-Work + DAG structure at the core of BlockDAG. His involvement ensures the network’s architecture is not theoretical but rooted in proven computer science.

BlockDAG’s appeal lies in merging academic rigor with practical design, bridging the gap between verified research and real-world blockchain utility. This academic foundation provides unmatched confidence to those seeking credible crypto ventures supported by genuine expertise.

Final Takeaway

This stage of the market contrasts evolving narratives and true innovation. Stellar (XLM) gains quiet momentum through whale accumulation, signaling preparation for an upward turn despite prior weakness. Sui (SUI) showcases a rising DeFi base and strong institutional support, driving its bullish reversal.

Yet, BlockDAG (BDAG) sets a higher benchmark, combining scientific credibility with proven execution. Backed by Harvard and MIT expertise, its hybrid blockchain model demonstrates depth few can match.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

U.S. and China Reach Rare Earth Agreement: One Year of Stability Despite Ongoing Competition

- China suspended new export controls on rare earths and other materials for one year, easing U.S.-China trade tensions via a Trump-Xi agreement. - The deal includes U.S. tariff rollbacks and China halting investigations into semiconductor firms like Nvidia , with provisions expiring in 2026. - Experts warn China's 90% refining dominance and low-cost production ensure its strategic leverage remains unchallenged despite temporary concessions. - U.S. rare earth stocks rose, but analysts stress global supply

Bitget-RWA2025/11/06 03:04
Bitcoin Updates: Clash Between State Legislation and Community Interests: Texas Community Fails to Enforce Regulations on Bitcoin Mining Operation

- Mitchell Bend, Texas residents rejected incorporation by 25% to regulate a Bitcoin mine's noise pollution, highlighting tensions between crypto operators and communities. - Marathon Digital Holdings opposed the move, filing a 47-page lawsuit claiming it violated state law and would harm operations, but a federal judge denied its restraining order request. - Proponents vowed to continue legal battles through Earth Justice, citing health complaints like sleep disturbances and nausea linked to the mine's co

Bitget-RWA2025/11/06 03:04
Bitcoin Updates: Texas Community's Attempt to Control BTC Mining Falls Short, Underscoring Ongoing Regulatory Hurdles for the Industry

- Hood County voters rejected Mitchell Bend's incorporation bid by 25%, blocking noise regulations on MARA's Bitcoin mining facility. - MARA sued over petition flaws, claiming the proposed city aimed to "regulate it out of business," but the case was dismissed before the vote. - Residents cited environmental concerns while MARA implemented noise mitigation measures, highlighting tensions between crypto mining and local communities. - The outcome underscores regulatory challenges for Texas-based miners as l

Bitget-RWA2025/11/06 03:04

Trending news

More
1
U.S. and China Reach Rare Earth Agreement: One Year of Stability Despite Ongoing Competition
2
Bitcoin Updates: Clash Between State Legislation and Community Interests: Texas Community Fails to Enforce Regulations on Bitcoin Mining Operation

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,540.22
+1.82%
Ethereum
Ethereum
ETH
$3,432.13
+3.47%
Tether USDt
Tether USDt
USDT
$0.9998
-0.02%
XRP
XRP
XRP
$2.37
+6.73%
BNB
BNB
BNB
$957.59
+1.51%
Solana
Solana
SOL
$162.02
+3.99%
USDC
USDC
USDC
$0.9999
+0.01%
TRON
TRON
TRX
$0.2889
+1.18%
Dogecoin
Dogecoin
DOGE
$0.1670
+2.00%
Cardano
Cardano
ADA
$0.5430
+2.77%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter