SUI Token Drops 8.9% After $215M Unlock, Trading Volume Soars Amid Ongoing Institutional Interest

SUIUSDT experienced a sharp price decline of 8.90% over the last 24 hours, falling from an open of 3.2997 to a current price of 3.0061 on Binance. This drop is primarily attributed to recent profit-taking following a 150% rally earlier in the month, technical resistance near the $3.30 level, and the impact of a $215 million token unlock on June 1, which introduced temporary selling pressure. Despite the volatility, SUI maintains high trading activity with 24-hour volume ranging from $912.7 million to $1.74 billion and a market cap between $7.63 billion and $11.31 billion. The ecosystem remains active, supported by increased user participation and significant aggregator volume, while institutional interest is reflected in ongoing ETF filings and program integrations.