SUI Price Drops 6%, Sparks Market Uncertainty after Rejection at $3.95

The Sui Network (SUI) saw a significant price drop of 6% following rejection near the $3.95 level on May 24, 2025. This unexpected decline has left investors and analysts speculating about market volatility and short-term strategies. No official statements from Mysten Labs or the SUI project leadership have addressed the incident, amplifying uncertainty within the community. The absence of clear communication from key figures is contributing to a more speculative atmosphere. 5,000 SUI price drop on May 24th, 2025 prompted increased market volatility. The lack of official explanations is leading to varying interpretations and strategic adjustments among investors. No historical parallels exist in the SUI Network history for this sudden price shift. This event underscores the common challenges faced by layer 1 assets during initial launches, highlighting the inherent volatility within the crypto landscape.