Sui (SUI) experienced a nearly 5% price decline, significantly underperforming the broader cryptocurrency market, as Bitcoin’s dominance climbed to 61.4%. This drop reflects a market-wide shift toward safer assets amid reduced risk appetite and escalating geopolitical tensions.
The downturn was accelerated by a $162 million token unlock event, which amplified selling pressure during an ongoing market pullback. Concurrently, SUI’s 24-hour trading volume fell 6.8% to $1.15 billion, while Bitcoin’s trading activity surged 8.2%, underscoring cooling investor enthusiasm for altcoins.
Despite the price weakness, Sui’s ecosystem demonstrates underlying strength, with its total value locked (TVL) remaining near $2 billion. In a landmark development for institutional adoption, AMINA Bank has become the first regulated entity to offer custody and trading services for SUI tokens.