Why did the price of SUI fall?

SUI dropped 3.05% in the last 24 hours to $1.97, underperforming the overall crypto market, which fell 2.41%. This decline is due to breaking a key support level, negative market sentiment, and shifts in institutional trading.

1. Support level at $2.00 broken (bearish sign)
2. Trading volume surged (down 17% turnover)
3. Altcoins weakening as Bitcoin dominance hits 59.8%

In-Depth Analysis

1. Breaking Below $2.00 Support (Bearish Signal)

Summary:
On November 6, SUI fell below the important $2.00 price point. This triggered automatic sell orders and panic selling. Attempts to push back above $2.05 failed, reinforcing the downward trend (TokenPost).

What this means:

• The $2.00 level had been a strong support for weeks. Losing it shifts control to sellers.
• There’s a double-bottom pattern near $1.95, showing some buyers defending the $1.93–$1.96 range. But if this support breaks, prices could fall further toward $1.51, based on technical retracement levels.

What to watch:
A steady move back above $2.00 would challenge the current bearish outlook.

2. Volume Spike Indicates Institutional Moves (Mixed Impact)

Summary:
Trading volume jumped 180% to 31.18 million SUI during the price drop, with most selling happening between $1.96 and $2.03 (CoinDesk).

What this means:

• High volume during a price drop often points to big players exiting or forced selling due to margin calls.
• While this is bearish short-term, the increased activity also creates opportunities for buyers, as seen with 641,000 tokens purchased at $1.97.

3. Altcoins Struggle as Bitcoin Gains Strength (Bearish)

Summary:
Bitcoin’s share of the crypto market rose to 59.8%, up 0.9% over the week, signaling money moving away from altcoins like SUI.

What this means:

• The market’s fear level is high (Fear & Greed Index at 21), so investors prefer safer assets like Bitcoin.
• SUI’s price tends to move closely with Bitcoin (correlation of 0.82), so Bitcoin’s 2.4% drop made SUI’s decline worse.

Conclusion

SUI’s recent decline is due to breaking key technical support, institutional selling, and a broader shift away from riskier altcoins. Although the RSI indicator shows SUI is oversold and might bounce soon, the overall trend remains down unless it can break above $2.05.

Key levels to watch: Will SUI hold support at $1.93, or will Bitcoin’s strength push it down to $1.51? Keep an eye on the $2.00 to $2.05 range for signs of direction.

What could affect the price of SUI?

SUI is navigating a mix of technical improvements and market challenges.

1. Network Upgrades – The Mysticeti v2 update cuts transaction delays by 35%, making SUI more attractive for adoption.
2. Institutional Interest – ETF filings and custody by a Swiss bank add credibility to SUI.
3. Token Unlocks – A large $193 million supply release in August could increase selling pressure.

In-Depth Look

1. Mysticeti v2 Upgrade (Positive Outlook)

What happened:
On November 6, Sui launched the Mysticeti v2 consensus engine, which reduces network delays by 35%. This means transactions finalize faster—around 400 milliseconds—and the network can handle more activity at once. This upgrade makes SUI a strong candidate for fast-paced decentralized finance (DeFi) projects and gaming apps.

Why it matters:
Better speed and capacity can attract developers who need quick, reliable performance for their apps. Past upgrades, like Move VM 2.0 in June 2025, led to a 53% increase in SUI’s price, showing the market responds well to technical improvements.

2. ETF Filings vs Token Unlocks (Mixed Signals)

What’s going on:
Two companies, 21Shares and Canary Capital, have applied for SUI exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). A decision is expected by January 2026. Meanwhile, large amounts of SUI tokens are being unlocked and entering the market—$206 million worth monthly. For example, on August 1, 44 million SUI tokens (valued at $87 million) became available.

Why it matters:
If ETFs are approved, SUI could see a surge similar to Bitcoin’s 160% rise after its ETF launch in 2024. However, the influx of unlocked tokens can lead to selling pressure, which recently caused a 13% drop when 58 million tokens hit the market on November 1. Keep an eye on the token unlock schedule alongside institutional interest to understand future price movements.

3. DeFi Growth & Competition (Both Positive and Negative)

Current state:
Sui’s decentralized finance (DeFi) total value locked (TVL) reached $2.17 billion in July, a 657% increase year-over-year. However, competitors like Solana have upgraded their networks (e.g., Solana’s Alpenglow upgrade) to offer transaction finality times between 100-150 milliseconds, challenging Sui’s speed advantage.

What this means:
Sui’s decentralized exchange, Cetus DEX, has bounced back from a hack to reach $5.5 billion in monthly trading volume, showing strong resilience. Still, Solana’s ecosystem is about eight times larger. For SUI to justify its $7.3 billion market value, it needs to maintain weekly decentralized exchange volumes above $1 billion.

Conclusion

SUI’s future price depends on whether demand from potential ETFs can outweigh the selling pressure from token unlocks and how it competes with Solana’s technical improvements. The price range between $1.93 and $2.05 is key—closing above $2.26 on a weekly basis could indicate a positive trend, while falling below $1.90 might trigger panic selling. The big question remains: Can Sui turn its growing institutional interest into strong developer support before the $1.2 billion token unlocks scheduled for 2026?

What are people saying about SUI?

Sui’s social buzz swings between hopeful $7 price predictions and concerns about upcoming token unlocks, with some long-term optimism mixed in. Here’s what’s trending:

1. Bullish technical signals suggest $7 amid hopes for ETF approval and key chart patterns
2. $77 million in token unlocks could pressure prices in the short term
3. Price forecasts for 2030 vary widely from around $9 to as high as $94

Deep Dive

1. @johnmorganFL: $7 Price Target Based on Stablecoin Growth Bullish

“SUI could reach $7 with $1 trillion in stablecoin inflows and partnerships with Swiss banks”
– John Morgan (35.2K followers · 551K+ impressions · August 9, 2025)
View original post
What this means: This view is optimistic about SUI’s future, expecting that partnerships with banks and increased use of stablecoins will drive demand for the network. However, it’s important to note that no official announcements from Swiss banks have been made yet.

2. @SUI_UnlockBot: $77 Million Token Unlock Risks Bearish

“$77 million worth of SUI tokens will unlock this week — if prices fall below $2.56, we could see a drop to $1.65”
– @SUI_UnlockBot (Community post · June 30, 2025)
View original post
What this means: When locked tokens become available to sell, it often increases selling pressure. The $2.56 price level is key because it matches a previous low from April 2025. If prices fall below this, it could trigger further declines.

3. Changelly: 2030 Price Predictions Range from $4.43 to $94 Mixed

“The average price forecast for SUI in 2030 is $9.08, but some analysts see potential for $94”
– Changelly Research (May 27, 2025)
View original post
What this means: There’s a wide range of opinions about SUI’s long-term value. The $9.08 estimate assumes steady growth in decentralized finance (DeFi) and total value locked (TVL) on the network. The much higher $94 prediction depends on SUI outperforming competitors like Solana and Aptos by scaling much faster.

Conclusion

The outlook for SUI is mixed. On one hand, positive technical indicators, upcoming ecosystem upgrades (like Mysticeti v2 and BTCfi integrations), and ETF filings are encouraging. On the other hand, large token unlocks and cautious market sentiment are holding back enthusiasm. Keep an eye on the $2.56 support level this week — if it holds, it could signal buyers stepping in, but if it breaks, a deeper price correction may be underway.

What is the latest news about SUI?

Sui is making important technology improvements while facing some price ups and downs as more people use its platform. Here’s what’s new:

1. Mysticeti v2 Launch (November 6, 2025) – A 35% reduction in network delays improves blockchain speed and efficiency.
2. Beep Open Beta Launches (November 6, 2025) – AI-powered agents now handle small, fee-free stablecoin payments.
3. SUI Price Drops Below $2.00 (November 6, 2025) – Increased price swings as market sentiment turns cautious.

In-Depth Look

1. Mysticeti v2 Launch (November 6, 2025)

What happened:
Sui upgraded its core technology with Mysticeti v2, a new system that speeds up how transactions are verified and processed by 35%. This makes the network faster and better suited for applications like gaming, decentralized finance (DeFi), and business solutions.

Why it matters:
This upgrade helps Sui compete with other fast blockchains like Solana by offering quicker transaction finality. Faster processing can attract developers building apps that need to handle lots of transactions quickly. However, it may take some time before these improvements are fully adopted. (CoinMarketCap)

2. Beep Open Beta Launches (November 6, 2025)

What happened:
Beep, a new payment system on Sui, started its open beta. It uses AI agents to automatically make small payments in USDC (a stablecoin) without charging fees. This is aimed at DeFi users and Internet of Things (IoT) devices that need to send tiny payments quickly and cheaply.

Why it matters:
This development positions Sui as a leader in AI-driven financial services, opening up possibilities like real-time payroll for decentralized organizations (DAOs). However, since it depends on AI adoption, there is some uncertainty about how widely it will be used. (CoinMarketCap)

3. SUI Price Drops Below $2.00 (November 6, 2025)

What happened:
The price of SUI fell 2.5% to $1.98, breaking below the important $2.00 support level. Trading volume surged by 180%, indicating increased market activity. A technical pattern called a double bottom suggests a possible price rebound, but overall market sentiment remains negative.

Why it matters:
This price drop reflects weakness in the broader cryptocurrency market, which lost 2.15% in total value. Sui’s price has declined 42% over the past 30 days. Traders are watching the $1.93 level as the next support point; if prices stay below $2.00 for long, further declines could happen. (CoinDesk)

Conclusion

Sui is advancing with important technology upgrades while facing challenges from a shaky market. Mysticeti v2 and Beep show promising innovation, but the price depends heavily on overall crypto market trends. The key question is whether Sui’s technical progress can overcome the current downturn in altcoins.

What is expected in the development of SUI?

Sui is making steady progress with several key updates planned:

1. Native Bridge Mainnet Launch (Early Q3 2024) – A secure, trustless connection between Sui and Ethereum blockchains.
2. SuiNS .move Service (2025) – A user-friendly naming system that makes blockchain addresses easier to read and use.
3. Deepbook v3 Upgrade (Q2 2024) – Improvements to Sui’s decentralized exchange for better trading and liquidity.
4. Move 2024 Language Features (Q2–Q3 2024) – New programming tools to simplify coding and reduce errors.

Deep Dive

1. Native Bridge Mainnet Launch (Early Q3 2024)

What it is:
This bridge will allow assets and data to move securely between Sui and Ethereum without needing a middleman. It’s been tested on a trial network and is set for mainnet release soon. Initially, it will support standard tokens, with plans to include messages and NFTs later.

Why it matters:
This is a positive development for SUI because connecting with Ethereum could bring more users and developers to the platform. However, there’s a chance of delays or slower adoption.

2. SuiNS .move Service (2025)

What it is:
An upgrade to Sui’s naming system that lets users assign easy-to-remember names to blockchain objects and software packages. This makes interacting with decentralized apps (dApps) simpler and more trustworthy.

Why it matters:
This feature improves usability, which is good for long-term growth. Its success depends on how quickly wallets and developers start using it.

3. Deepbook v3 Upgrade (Q2 2024)

What it is:
An update to Sui’s built-in decentralized exchange (DEX) that manages buy and sell orders. The upgrade aims to improve liquidity (how easily assets can be traded) and handle more transactions smoothly. It’s already live on test networks.

Why it matters:
Since Deepbook handles about 60% of Sui’s DEX trading volume, these improvements could boost decentralized finance (DeFi) activity and strengthen Sui’s role in derivatives trading.

4. Move 2024 Language Features (Q2–Q3 2024)

What it is:
New features in the Move programming language include enums (a way to organize data), automatic code formatting, and easier address management. These tools help developers write cleaner, less error-prone code.

Why it matters:
Better developer tools encourage more people to build on Sui, supporting ecosystem growth. The impact might take time to show as developers adopt the new features.

Conclusion

Sui’s roadmap focuses on both improving core infrastructure—like bridges and exchanges—and enhancing developer tools such as SuiNS and Move 2024. The Native Bridge and Deepbook v3 upgrades are key for short-term growth in DeFi, while the naming service and programming improvements support long-term developer engagement. With SUI’s price down about 50% this year amid a tough crypto market, successfully delivering these updates could help regain momentum.

How will Sui’s emphasis on interoperability and developer experience shape its competition with platforms like Aptos and Solana?

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What updates are there in the SUI code base?

In mid-2025, Sui’s software received important updates focused on security, scalability, and tools for developers.

1. Testnet Security & Party Objects (June 29, 2025) – Added mandatory TLS encryption and introduced experimental "Party" transaction types.
2. Mainnet Scalability Boost (June 17, 2025) – Improved congestion control and protection against denial-of-service (DoS) attacks to handle heavy network traffic.
3. Move 2024 Compiler Rollout (May 2025) – Launched new programming features like enums and safer coding patterns, while keeping compatibility with existing contracts.

Deep Dive

1. Testnet Security & Party Objects (June 29, 2025)

What happened: Sui’s testnet version 1.51.2 now requires TLS encryption for validator communications, which helps prevent hackers from intercepting data. It also introduced "Party" objects—new transaction types that let developers experiment with multi-signature-like features, mainly useful for decentralized finance (DeFi) and gaming applications. Additionally, improvements to developer tools speed up project setup by 30–50%.

Why it matters: These changes strengthen security and add flexibility for developers, making SUI more attractive for building new decentralized apps (dApps). Faster setup times mean developers can iterate and innovate more quickly. (Source)

2. Mainnet Scalability Boost (June 17, 2025)

What happened: Mainnet version 1.50.1 improved how the network handles congestion by prioritizing important operations and added default protections against spam attacks (DoS). This helps keep the network running smoothly during periods of high demand.

Why it matters: While this update doesn’t add new features for users, it improves the reliability and stability of the Sui network. Consistent uptime builds trust and supports the ecosystem’s growth. (Source)

3. Move 2024 Compiler Rollout (May 2025)

What happened: The Move 2024 compiler introduced new programming tools like enums (which allow more complex data structures), macro functions (which reduce repetitive code), and public(package) visibility (which controls access to code). The Sui Framework was updated to use this compiler while keeping existing smart contracts compatible.

Why it matters: These improvements make writing smart contracts safer and more efficient, reducing the chance of bugs and making audits easier. This encourages developers to build more robust applications on Sui. (Source)

Conclusion

Sui’s updates in mid-2025 focus on strengthening security, improving network performance, and enhancing developer tools—three key areas that support long-term growth. The testnet’s new "Party" objects suggest exciting possibilities for DeFi and gaming, while the Move 2024 compiler modernizes how smart contracts are built. With a more stable mainnet, the question is whether Sui’s next protocol upgrade will help attract more institutional users and projects.