Sushi jumped 10% after developer Avalanche proposed takeover
CoinGecko market data shows that Sushi tokens jumped 10% to more than $6.19 from a low of $5.30 on Sunday night. Prices were down slightly to $5.90 at the time of writing.
The move came shortly after Daniele Sestagalli, Avalanche's lead Tier 1 blockchain app developer, offered to join the platform in a post on the project management forum.
"Sushi's expansion and growth has been amazing - it's time to give the project additional resources and autonomy at a time when it needs it most," the proposal said, arguing that adding Sestagalli to the project could help end its ongoing failures.