Notably, OKX Wallet will now support xBTC on Sui and will likely contribute to attracting millions of dollars in crypto capital to this token and dApps.
Unlocking the untapped potential of the Bitcoin network would be huge for any network that manages to convince investors that their assets are safe. With a market cap of more than $2 trillion, Bitcoin’s mammoth-sized valuation and robust community open up a world of possibilities for DeFi.
To raise awareness and foster the adoption of xBTC, Sui has launched a rewards campaign alongside these three partners (OKX, Navi, and Momentum) that will distribute $2.5 million in rewards among early users.
In a previous Sui price prediction, we emphasized how a bearish breakout below $3.5 had consolidated the token’s downtrend.
On June 17 when that article came out, the price had reached its $3 support and threatened to break below this level. Daily active accounts within Sui had dropped from around 1.6 million to just 320,000 at the time, emphasizing traders’ fading interest in the token.
