The SUI token has experienced a 9% decline, driven by increased institutional selling that is impacting the broader cryptocurrency market. This downturn reflects a growing trend of institutional investors offloading their holdings, which has intensified the selling pressure on SUI. As the market grapples with these sales, the overall sentiment among traders has shifted, leading to heightened volatility across various cryptocurrencies. Analysts suggest that this selling activity may continue to influence market dynamics, particularly for tokens like SUI that are sensitive to institutional movements.
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