SUI Token Faces Decline After Failed Rally
SUI, the native token of the Sui Layer 1 blockchain, is experiencing a downturn. after briefly surpassing $4 in May 2025,the token has struggled to maintain its upward trajectory. Currently trading at $3.32, SUI has seen a 7% drop over the past week, though it did recover slightly with a 1.3% increase in the last 24 hours.
The token’s value has fallen 19.8% from its monthly high of $4.14 and 37% from its all-time high of $5.30. This decline may be linked to the Cetus exploit in May, which caused a $260 million loss. The event also led to a drop in the total value locked (TVL) on the Sui network, from $2.13 billion to $1.75 billion, as per DefiLlama data.
Despite the setbacks, there’s still optimism for SUI. The ecosystem shows signs of growth, and there are rumors of a spot ETF, thanks to filings from firms like 21Shares. However, SUI’s decline reflects a broader cooling in the crypto market. While BTC and major altcoins like ETH and SOL have shown resilience, memecoins such as POPCAT and WIF have seen gains of 14% and 16%, respectively.
