๐จ SUI Crashes Over 20% After Token Unlock โ Will the Bulls Fight Back? ๐๐
๐ SUI Price Plunges
๐ป Over 20% drop from $4.40 to $3.36
๐ธ $3+ billion wiped from market cap
โ ๏ธ Drop triggered by bearish divergence and liquidity outflows
๐ฆ Token unlock event (Aug 1): 56.91M new SUI added to circulation
๐ Retest of descending resistance turned potential support
๐ณ Whales Buy the Dip โ Signs of a Bounce?
๐ ~$30M in spot inflows into whale wallets on OKX & Binance
๐ $152M in derivatives buying suggests strong bullish interest
๐ Selling pressure slowing down, potential for price rebound
๐ฅ SUI Network on Fire Despite Price Drop
๐ All-time high DEX volume: $14.26B in July
๐ฐ TVL record: $2.29B on July 28
๐ Liquidity recovered to $1.08B after mid-July dip
๐ 2025 network growth surpasses 2024
๐ฎ Whatโs Next for SUI?
๐ Failure to bounce may send SUI to $3.12โ$3.37 range (Fibonacci zone)
๐ Still up 30.15% in July, showing underlying strength
๐ง Token unlock impact likely short-term โ eyes on market sentiment ahead @Sui #sui
