Sui Price Dives 4.77% Amid Token Unlock Chatter

The price of Sui (SUI) dropped by 4.77% in the last 26 hours due to short-term profit taking after a strong rally.

The recent price movement is best explained as a 'run up then cool off' pattern, where the token's price increased by 14.84% over the last week before pulling back.

A widely shared post on X mentioned an upcoming SUI token unlock schedule for October 1, which could have contributed to short-term sell pressure due to thin altcoin liquidity.

However, there is no evidence of a negative event specific to Sui in this window, such as a hack or regulatory action. The move is likely driven by traders rebalancing and front-running an anticipated unlock around an ongoing positive news cycle.