SUI dropped 3.4%, breaking the $2.60 support.

SUI Price Experiences a Drop

SUI price dropped by 3.4% on Tuesday, experiencing a significant break. The movement that broke the $2.60 support was combined with high trading volume. It seems that institutional sell-offs triggered this situation.

In the afternoon, as of 14:00, the price showed a sharp decline. Approximately 2.7 million tokens were traded in a minute. This situation was recorded as the effect of the selling wave at the end of the day.

Additionally, the CoinDesk CD5 Index fell by 1.67%, closing below $2,000. The broader crypto markets seem to have lost their previous momentum.