SUI dumped at high point? "Going against the trend" during Bitcoin's rise Foundation: No ban on sales was violated
Bitcoin rose by more than 5% in the past 24 hours, once breaking through $66,500, and driving the improvement of crypto market sentiment, the public chain Sui, which has performed well recently, fell against the market. What happened?
Data shows that Sui's price began to pull back after hitting a new high of $2.35 yesterday, and fluctuated around $2.25.
However, at about 7 o'clock this morning, Sui fell rapidly from $2.28 to a minimum of $2.18, a drop of 4.38% in two hours. (At that time, Bitcoin had just broken through $66,500)
At the time of writing, Sui is now at $2.19, down 4.1% in the past 24 hours, the worst performance among the top 100 currencies by market value.
One possible reason is that a rumor has been circulating in the community recently that "Sui insiders sold $400 million worth of tokens during the rise."
However, some community members did not buy this reply. Driky pointed out that "infrastructure partners with tokens" sounded like insiders, and Beanie, who has more than 200,000 followers on X, also posted a message saying that he was very disappointed with this excuse.
As for Beanie hearing that a large exchange sold Sui, Evan Cheng also wondered: "Who is selling? We haven't heard of it. What's the secret? Some people also say that insiders are selling. Ask them to provide information. We don't know who you are referring to."
