As reported by Coindesk, SUI fell 9.1% to $2.29 on October 31, pressured by a $147 million token unlock scheduled for November. The price broke below the $2.41 support level, triggering liquidations and a 160% surge in trading volume. The token briefly hit $2.27 before stabilizing, with institutional selling contributing to the decline. Despite the drop, Momentum DEX reported $26 billion in weekly trading volume, and the SUI Foundation added Bing Gordon as an adviser. Traders are now watching key support at $2.27–$2.29 and resistance at $2.41 and $2.59.
SUI Drops to $2.27 Amid November Token Unlock Concerns
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