SUI Slides as Token Unlock Concerns Trigger Breakdown to as Low as $2.27

SUI dropped 9.1% to $2.29 on Thursday, under pressure from mounting concerns over a$ 147 million token unlock scheduled for November. The sell-off intensified when the token broke below a key $2.41 support level, triggering a wave of liquidations as volume surged 160% above average during early morning trading. The breakdown started when trading volume spiked to 37.5 million. Stop-loss triggers accelerated the move, sending the token from$ 2.51 to as low as $2.27 before stabilizing. Institutional selling ...