tl;dr
The Sui blockchain’s native token, SUI, has surged over 62% in a week amid speculation of a collaboration with Pokémon. This speculation arises from a recent privacy policy update for Pokémon HOME, listing Parasol Technologies, a Web3 gaming infrastructure company acquired by Sui’s developer Mysten ...
The Sui blockchain’s native token, SUI, has surged over 62% in one week amid speculation of a collaboration with Pokémon. This excitement was sparked by a recent privacy policy update for Pokémon HOME, which quietly added Parasol Technologies—a Web3 gaming infrastructure company acquired by Mysten Labs, the developer of Sui—as a new developer.
Parasol Technologies specializes in integrating blockchain-based NFTs with collectible card games on the Sui network. Initially, the Sui Foundation's blog post mentioned Pokémon NFTs in connection with this integration, but the reference was later removed, further fueling rumors about blockchain integration in upcoming Pokémon games.
Despite the buzz, there have been no official statements from The Pokémon Company, Sui Foundation, Nintendo, or Mysten Labs confirming any partnership. Observers note the privacy policy update is visible only in certain language versions and the app, while the Japanese and Chinese versions remain unchanged, complicating the narrative.
Meanwhile, SUI’s market performance reflects growing investor confidence amidst the speculation. Data shows a 38% increase in Total Value Locked (TVL) on the network, reaching $1.6 billion. Additionally, 24-hour trading volume on decentralized exchanges surged 167% to $577 million, and stablecoins on the Sui blockchain grew 82% over two months.
The rumors have put Sui in the spotlight as stakeholders eagerly await official confirmation. This case highlights how subtle shifts in developer affiliations and blockchain innovations can dramatically influence market dynamics and investor sentiment.