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SUI Slides as Token Unlock Concerns Trigger Breakdown to as Low as $2.27
Yahoo Finance· 2025-10-31 01:18
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 ...