SUI Token Drops 9% as Institutional Selling Hits Harder Than Broader Crypto Market
SUI, the native token of the Sui network, plunged 9% to $2.10 over the past 24 hours, sharply underperforming the broader crypto market during a sector-wide selloff.
The token’s 4.89% lag behind the crypto market suggests the move wasn’t just about market weakness but that it was SUI-specific.
The selloff carried the hallmarks of institutional liquidation. Prices dropped from $2.32 to test critical support, with trading volume surging 53% above the 7-day average. The spike in activity points to large-block repositioning, not a retail-driven panic.
At the core of the move was a decisive breakdown at $2.16. SUI dropped through that level on volume of 99.13 million tokens — 628% above its 24-hour average — confirming strong bearish…
