The 7.1% drop of $SUI in 24 hours reflects profit-taking after recent rises, a slowdown in derivatives, and anticipation of a token unlock worth 240 million dollars on August 1.

1. Risk from token unlock: The increase in the supply of SUI by 240 million dollars scheduled for August 1 is causing preemptive sales.

2. Adjustment in derivatives: Open interest fell by 15% as long leveraged positions were closed.

3. Market rotation: Bitcoin's dominance rose to 60.52%, diverting capital from altcoins like SUI.