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SUSHI Jumps 10% as New Takeover Proposal is Met with Mixed Reactions
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The price of SUSHI, the governance token of the SushiSwap decentralized exchange, appreciated on Monday after a new proposal for the restructuring of the Sushi Decentralized Autonomous Organization (DAO) emerged.
At 13:02 UTC on Monday, SUSHI traded at USD 6.05, up 10.6% over the past 24 hours and 14.9% for the week. Overall, it's down 45% in a month and up nearly 182% in a year.
90-day price of SUSHI:
The above-mentioned proposal was put forth by Daniele Sestagalli, an application developer on Avalanche (AVAX) and popular decentralized finance (DeFi) advocate affiliated with projects such as Wonderland (TIME), Popsicle Finance (ICE), and Abracadabra.Money (SPELL) - and it involved what essentially is "a takeover" of Sushi by Sestagalli’s own
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