SUI Token Dips 3.82% Amid Bearish Trends Despite $10M Ecosystem Boost and 200% Annual Growth

SUIUSDT has declined by 3.82% over the past 24 hours, trading at $2.6318 (Binance data), with the drop attributed to prevailing bearish sentiment and technical weakness following recent corrections from its early 2025 highs. The decrease is further influenced by mixed technical indicators, a neutral Fear & Greed Index at 54, and broader market volatility, despite positive ecosystem developments such as Everything Blockchain Inc.’s $10 million investment, rapid TVL growth, and active SocialFi platforms. Current market metrics show SUI with a market cap near $1.6 billion, notable one-year growth of over 200%, and ongoing high user engagement, but short-term forecasts suggest continued downside risk if support levels fail to hold.