Why Everyone's Dumping SUI and Other Hot Coins Lately
Yo folks, if you've been eyeing your portfolio lately, SUI's been taking a beating, and it's not alone—stuff like SOL, AVAX, and even some DeFi darlings are getting hammered too. Let's break it down without the fluff. First, SUI's price has tanked about 3% just today, sitting around $0.97 after a brutal 38% drop this month and over 70% from last year.
Why? The big one is the overall crypto winter vibes hitting in February 2026. Bitcoin's down 20% YTD due to deleveraging—futures open interest crashed, and that's rippling to alts like SUI.
Specific to SUI, those shiny new ETFs launched on Feb 18 (tickers like GSUI and SUIS), but trading volume was a joke—under $150k on day one.
Nobody showed up, showing weak demand from institutions who were supposed to pump it. Add in a massive 78% TVL crash and 46% drop in open interest since January, meaning speculators are bailing. Bearish tech signals like MACD divergences and liquidity hunts point to more pain, potentially down to $0.73 if supports break. Network had an outage back in Jan, spooking folks, and even with privacy upgrades coming, sentiment's trash.
Macro stuff ain't helping: high rates, regulatory jitters, and fear from Middle East tensions spiking oil. Whales are profit-taking after the 2025 bull, overleveraged traders getting liquidated left and right. It's cyclical—alts bleed in corrections before rebounding. But right now? Pure fear. If you're in, hold tight or average down, but DYOR. What's your take—more dump or bottom soon?
Interested in 👇💯🔥💲👍
