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SUI Token Drops 9% as Institutional Selling Hits Harder Than Broader Crypto Market
Volume jumped 628% as SUI sliced through key support, then bounced — without buyer conviction.
Nov 3, 2025, 7:08 p.m.
What to know:
- SUI dropped 9% to $2.10 in 24 hours, falling nearly 5% more than the broader crypto market.
- Trading volume surged over 600% above average as SUI broke key support, pointing to institutional selling
- A sharp rebound from $2.04 stalled below $2.13, showing weak follow-through from buyers after the crash.
SUI, the native token of the Sui network, plunged 9% to $2.10 over the past 24 hours, sharply underperforming the broader crypto market during a sector-wide selloff.
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The token's 4.89% lag behind the crypto market suggests the move wasn’t just about market weakness but that it was SUI-specific.
The selloff carried the hallmarks of institutional liquidation. Prices dropped from $2.32 to test critical support, with trading volume surging 53% above the 7-day average. The spike in activity points to large-block repositioning, not a retail-driven panic.
At the core of the move was a decisive breakdown at $2.16. SUI dropped through that level on volume of 99.13 million tokens — 628% above its 24-hour average — confirming strong bearish pressure. That breakdown was followed by a sharp rebound from $2.04, forming a V-shaped bounce as institutions appeared to scoop up the token at lower levels.
Still, the recovery lost steam near $2.13, a psychological resistance zone. Volume declined into the close, suggesting buyers lacked conviction to push SUI meaningfully higher in the short term.
Elsewhere, the CoinDesk 5 Index (CD5) saw a 3.35% drop to $1,860.70, including a flash crash to $1,826.66 before bouncing back. The move also showed signs of institutional selling, overwhelming technical support in a high-volatility session.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Ano ang dapat malaman:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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