The Sui ecosystem experienced a significant drop for the HIPPO meme coin, with its price plummeting by a staggering 70%, reaching $0.002221 on November 14th. The crash left investors questioning its future trajectory, and further action remains unclear as leadership has yet to provide an official statement. This sudden event raises concerns about the volatile nature of smaller cryptocurrency ecosystems, impacting investor sentiment and potentially exacerbating market instability amid existing macroeconomic pressures. With limited communication from HIPPO’s team and the Sui ecosystem, investors remain in uncertainty regarding the causes and potential outcomes of this significant price drop.