Pokémon HOME Privacy Policy Hints at a Possible Collaboration with the Sui Blockchain

Sui's native token, SUI, has shot up 72% this week, and all eyes are on a possible Pokémon collaboration.

Rumors of a potential collaboration between Pokémon and Sui have been swirling in the crypto community. The buzz started after a recent update to the Pokémon HOME privacy policy mentioned Parasol Technologies, a company that was acquired by Mysten Labs.

For those who are unaware, Mysten Labs is the team behind the Sui blockchain. This has led many to believe that a partnership between Pokémon and Sui could be announced soon.

Further fueling the speculation, the official Sui Foundation blog confirmed (and removed) that Parasol is working on trading card games that use the Sui blockchain. At one point, the blog post even hinted at Pokémon NFTs.

Parasol Technologies is developing a cloud infrastructure that uses blockchain technology to address bugs, hacks, and duping while enabling transfers between compatible games — something that is already possible with the Stellar blockchain.

The Parasol integration is part of broader updates to the Pokémon HOME service, which is designed to allow users to collect, trade, and battle Pokémon in a safe and secure environment.

The service currently allows users to transfer Pokémon from the Nintendo Switch games Pokémon Brilliant Diamond and Shining Pearl, Pokémon Sword and Shield, and Pokémon Bank to the cloud service, where they can be used in the Pokémon HOME mobile app.

However, rumors of a partnership between Pokémon and Sui have yet to be confirmed by either company. Some members of the crypto community have advised keeping expectations in check, as rumors can easily get out of hand.

Until there is official confirmation from both companies, it is best to remain skeptical of the rumors. However, if the rumors turn out to be true, it could have a huge impact on both the crypto and gaming worlds.

It would also be a major coup for the Sui ecosystem, which has been performing well in recent months. The TVL on the Sui network has increased by 38% to reach $1.6 billion, while DEX trading volume has surged to $577 million in the last 24 hours.

Stablecoins on the Sui network have also increased by 82% in the past couple of months, rising from $482 million to $879 million.

SUI Token Price Analysis: Next Levels

The technical levels to watch on the upside are the May 3 highs of $3.70, followed by the May 5 highs of $4.00.

A break above the May 5 highs could open the door for a move towards the all-time highs of $4.78, which were hit in March.

On the downside, the key level to monitor is the 200-day moving average, which is currently providing support around the $2.00 to $2.10