Sui Price Plummets Despite Robinhood Listing – Three Reasons Behind the Decline

Sui’s price continued its downward trend on August 19th, even after it was listed on Robinhood, one of the biggest crypto exchanges in the US. Despite initial optimism about the listing, the coin experienced a notable decline of nearly 4%. This follows a period of three consecutive days of losses that saw the price reach its lowest point since early August. The recent drop is attributed to several factors including the broader market crash and reduced demand for Sui.