SUI - The Institutional Darling Cooling Off.

SUI taking a 7% haircut today, sitting at $1.52. After the Coinbase NY approval and the Vanguard rumors pushed it past $1.70, a cooldown was inevitable.

This is a "sell the news" event. The tech is superior (Move language, TPS), but the tokenomics and recent unlocks are putting sell pressure on the price.

Watch the $1.50 zone closely. If we lose this, we retest $1.30. However, institutional interest in SUI is undeniably higher than most other L1s right now. I'm treating this dip as an accumulation zone for the long-term portfolio, not a trade.

#SuiNetwork #Layer1 #sui $SUI

SUI

1.6441

+6.41%

Disclaimer: Not financial advice, Do your own research and invest responsibly.