SUI slides 20% as $4 rally reverses course

SUI, the native token of the Layer 1 blockchain Sui, has entered a interval of regular decline after failing to maintain its current rally above the $4 degree.

After briefly breaking above the $4 mark in a Could 2025 rally SUI (SUI) has hit a tough patch in current weeks struggling to keep up its upward momentum. Per current value efficiency, the token is down over 7% over the previous week, regardless of recording a modest 1.3% bounce within the final 24 hours.

SUI’s value motion| Supply: crypto.information

Buying and selling at $3.32 at press time, SUI’s value is a slight restoration from its low level of $3.07 within the ongoing corrective section. The token’s worth marks a steep 19.8% drop from its month-to-month excessive of $4.14 and an approximate 37% from its all-time excessive of $5.30. 

The downturn could also be partly attributed to dampened sentiment throughout the ecosystem following the Could Cetus exploit, which resulted in a lack of $260 million. The autopsy jitters additionally triggered a decline within the complete worth locked (TVL) on the Sui community from $2.13 billion to the current $1.75 billion, in accordance with DefiLlama knowledge. 

Regardless of the pullback, optimism for SUI stays. That is fueled by steady indicators of development throughout the broader ecosystem, in addition to rising bullish whispers of a spot ETF spurred by current filings from funding corporations like 21Shares.

SUI’s current dip mirrors a broader cooling throughout the crypto market, though BTC and main altcoins equivalent to ETH and SOL have demonstrated stronger resistance amid the continuing volatility. Memecoins together with POPCAT and WIF defied the bigger development with extra spectacular positive aspects, posting 14% and 16% respectively.