Citing Coindesk, SUI fell 9.1% to $2.29 on October 31, pressured by a $147 million token unlock set for November. The price dropped below the $2.41 support level, triggering liquidations and a 160% surge in trading volume. Institutional selling pushed the token to a low of $2.27, though some buying interest emerged near the day’s lows. Momentum DEX reported $26 billion in total trading volume, up 8.3% from the previous week, and the SUI Foundation added Bing Gordon as an adviser to bolster its Web3 gaming strategy. Traders are now watching key support at $2.27–$2.29 and resistance at $2.41 and $2.59.
SUI Drops 9% Amid $147M Token Unlock Scheduled for November
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