Crypto Chaos: Why Sui Plunged More than 6% After a Similar 6% Surge This Morning

Friday has been a very up-and-down day for Sui investors.

As I began writing this piece today, Sui (SUI +0.18%) was a token I was prepared to comment on from a bullish angle. After all, as of 8:00 a.m. ET, SUI surged roughly 6.3% to the $1.65 level, and looked to be making a move toward a fresh weekly high.

Sui Stock Quote

Today’s Change

(0.18%) $0.00

Current Price

$1.56

Just about as quickly as I could begin diving into what was driving this token higher, a plunge over the past few hours has meant that Sui has now given up all these gains, trading right around where it began to start the day yesterday.

That said, I always view these highly volatile days in particular Source link