SUI Token Drops 9.33% After Major Unlock and SEC ETF Delay, Yet Holds Top 12 Spot

SUIUSDT experienced a 9.33% price decline over the past 24 hours, trading at $3.0174 on Binance, with the drop attributed to increased selling pressure following a recent large token unlock event and ongoing regulatory uncertainty due to the SEC’s delay of the Canary SUI ETF decision. Despite this decline, SUI maintains a strong market position with a market capitalization around $10.2 billion, ranking among the top 12 cryptocurrencies, and continues to see high trading volume and active participation, reflecting sustained investor interest amid elevated volatility.