Sui (SUI) Falls Nearly 27% as Market Panic Deepens, Briefly Dips to $1.60 Before Rebound

Sui (SUI) saw a dramatic 26.9% plunge in 24 hours, dropping to $2.48 amid Friday's broad crypto sell-off.

The token briefly crashed to around $1.60 before rebounding sharply, mirroring the chaotic price swings seen across the market after President Trump's 100% tariff announcement on Chinese imports.

According to data from a market tracking platform, Sui's market cap fell to $9 billion, while trading volume surged 139% to $2.44 billion, a clear sign of heavy liquidation and high volatility. The sharp spike in volume came as traders rushed to cut leveraged positions, triggering cascading liquidations across multiple exchanges.

Despite the steep correction, the swift recovery from sub-$2 levels shows that buyers stepped in aggressively at discounted prices. Still, SUI remains vulnerable, with analysts noting that the token has lost nearly 30% of its value this week, reflecting broader risk aversion in digital assets.

As global sentiment remains on edge following the U.S.--China trade shock, investors are watching whether Sui can maintain support above $2.40, a critical level that could determine if the rebound continues or if another leg down awaits.