The SUI cryptocurrency experienced a significant decline in value, dropping more than 8% within just 24 hours. This sharp decline brought the SUI price down to $3.40. The trading activity was captured as of 7:08 a.m. EST, indicating a swift response in the market.
Investors appear to be rapidly offloading their holdings in the wake of a recent network outage. Such incidents often trigger volatility and uncertainty among market participants, leading to sell-offs as investors look to minimize potential losses.
This recent drop in SUI's value highlights the impact that network reliability can have on investor confidence and market performance. Concerns over the stability and security of a network can drive sudden changes in trading behavior, as evidenced by the recent price movement.
Source : insidebitcoins.com ↗