Overview
- SUI fell to roughly $2.27–$2.50 after a breakdown below $2.41, a move CoinDesk tied to stop‑loss liquidations and trading volume surging about 160% above average.
- An early‑November release is set to increase supply, with Tokenomist estimating a Nov. 1 unlock of about 43.96 million SUI (~$103.3 million) and other reports citing up to ~$147 million.
- Near‑term levels watched include support around $2.28–$2.50 and resistance at $2.48–$2.56, with additional hurdles at $2.59 and the $3.00 area.
- On‑chain signals are mixed: October DEX volume climbed to roughly $23 billion and Momentum DEX reported an 8.3% weekly increase, while DeFi TVL slipped to $1.74 billion and Sui’s stablecoin market cap fell 19% to $932 million.
- Institutional and ecosystem activity—such as the Sui Foundation naming EA co‑founder Bing Gordon as an adviser and recent trust and ETF filings—has grown, though analysts say it may not offset near‑term unlock‑driven pressure.