SUI Token Drops 4.97% After $215M Unlock Despite ETF Filing and $9.3M Fund Inflows

SUIUSDT declined by 4.97% over the past 24 hours, with the current price at $3.2999 (Binance data). The price drop is primarily attributed to heightened volatility following the recent token unlock on June 1, 2025, which released approximately $215 million worth of SUI and led to increased short-term selling pressure. Despite positive developments such as Nasdaq’s filing for a 21Shares SUI ETF and notable fund inflows of $9.3 million last week, macroeconomic headwinds and broader market caution have limited sustained upward momentum. SUI remains a top-12 cryptocurrency by market capitalization, with a 24-hour trading volume near $950 million, and continues to attract institutional and retail interest amid ongoing ecosystem growth and technical signals, though short-term risks persist due to recent supply increases and market sentiment.