The decentralized cryptocurrency SushiSwap emerged from a hard fork of the Uniswap protocol. Its introduction to the market was met with controversy, especially when its creator, Chef Nomi, abruptly left the project. The exchange’s appearance on Binance led to a significant but short-lived spike in SUSHI’s price. Chef Nomi’s exit was marked by a scandal when he sold his share and disappeared, precipitating a sharp decline in the coin’s value.
Turnaround Under New Leadership
Subsequent to the controversial departure of its creator, SushiSwap found a new direction under Sam Bankman-Fried, CEO of FTX exchange. His involvement reinvigorated the project, allowing SUSHI to achieve a valuation comparable to Uniswap and refresh its peak price point. As an automatic market maker, SushiSwap has grown to become a significant player in the DeFi space, now second only to Uniswap as the largest decentralized exchange on the Ethereum network. To adapt to high transaction fees, SushiSwap has also expanded its presence to the Binance Smart Chain.
Acquiring SUSHI Coin
For interested buyers, SUSHI is available on Binance, which boasts the highest liquidity for the SUSHI/USDT pair and is renowned for its security measures. Investors can conveniently purchase SUSHI through Binance, following account registration and funding with USD.
