The crypto market never sleeps — and this week, Sui (SUI) is feeling the heat. 🔥 Over the past 7 days, SUI has dropped more than 14%, underperforming much of the market. Let’s take a closer look at what’s dragging this promising token down. 👇

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🏛️ 1. SEC Delays ETF Decision

Investors had their hopes up for a SUI-based ETF by Canary Capital. 📈 But the U.S. SEC has postponed the decision until July 24, 2025. For many traders, ETFs represent mainstream legitimacy and potential inflows of institutional money — so delays = disappointment. 😕💼

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🧨 2. Cetus Protocol Exploit

To make matters worse, the Cetus DeFi protocol, which operates on the Sui network, was recently exploited, leading to a reported loss of $223 million. 💸🔓 This incident has raised serious concerns about the security of the Sui ecosystem, shaking investor confidence. 😨

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📉 3. Bearish Technical Signals

Technically speaking, things don’t look great either:

SUI is trading below its 10- and 20-day moving averages 📊

RSI sits at 39, showing weak buying momentum 😬

These signs point to ongoing bearish pressure in the short term.

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🌍 4. Macro Uncertainty Weighs In

Beyond crypto, global economic uncertainties and regulatory pressure continue to cast a shadow over the market. 🌫️ High inflation, interest rate concerns, and increasing scrutiny on digital assets are keeping many investors on the sidelines. 🧍‍♂️💼

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💡 A Glimmer of Hope?

Despite the drop, there’s a silver lining — Sui’s Total Value Locked (TVL) has actually increased slightly, hitting $1.75 billion. This means people are still putting their money into Sui’s DeFi projects. 🏗️💰 Could this signal long-term faith in the network?

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🚨 Final Thoughts

Sui’s 14% drop reflects both internal risks and external pressures. From ETF delays to DeFi exploits, it’s a stormy week for SUI holders. ⛈️ However, the project’s growing TVL and ongoing development may provide a foundation for recovery — if the turbulence calms.

Watch the charts. Watch the news. And always DYOR (Do Your Own Research)! 🧠📚 #SuiCrypto #CryptoNews #DeFiUpdate #CryptoMarket #MyCOSTrade #TrumpVsMusk $SUI