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JUST IN: These altcoins have entered buying territory, according to Grayscale.
Grayscale praised SUI's institutional architecture and noted that altcoins are trading near three year lows. Head of Research Zach Pandl says the altcoin basket has fallen 59% from its highs.
SUI is trading at approximately $0.87, and Grayscale already operates a staking ETF for the token.