SUI Shares Drop 20% as $4 Rally Faces a Setback
SUI, the native token of the Layer 1 blockchain Sui, is witnessing a steady decline after failing to sustain its recent surge above the $4 mark.
After a brief spike past the $4 level in May 2025, SUI (SUI) has faced difficulties in recent weeks, struggling to keep its upward trend. In the latest trading session, the token has dropped over 7% in the past week, despite a modest 1.3% rebound in the last 24 hours.
SUI’s price movement| Source: crypto.news
Currently priced at $3.32, SUI has seen a minor recovery from its recent low of $3.07 during this corrective phase. The token’s current value indicates a notable 19.8% decline from its monthly high of $4.14 and is nearly 37% down from its all-time peak of $5.30.
This downward trend may be partially attributed to diminished sentiment across the ecosystem following the May Cetus exploit, which led to a $260 million loss. The fallout also caused a drop in the total value locked (TVL) on the Sui network, which fell from $2.13 billion to the current $1.75 billion, according to DefiLlama data.
Despite this recent setback, there remains optimism for SUI, driven by ongoing growth indicators within the broader ecosystem, along with increasing bullish sentiment surrounding a spot ETF, spurred by recent filings from companies like 21Shares.
The current decline in SUI reflects a broader cooling trend in the crypto market, although BTC and major altcoins such as ETH and SOL have shown more resilience amidst the ongoing volatility. Conversely, memecoins like POPCAT and WIF have bucked the trend, posting strong gains of 14% and 16%, respectively.
