Sui Price Falls 4% as Heavy Selling Pressure and Long Liquidations Hit Market

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By CD Analytics, Helene Braun|Edited by Cheyenne Ligon

Aug 11, 2025, 7:17 p.m.

Sui’s price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows.

Sui fell 4% in the past 24 hours, swinging between $3.98 and $3.69 as heavy selling pressure met institutional buying attempts at key support levels.
Derivatives data showed long positions unwinding, with open interest down 15% to $1.79 billion and funding rates dropping sharply, curbing incentives for leveraged bullish bets.
While still up 9% over the past month, the recent rally may be encouraging investors to take profits, adding to near-term downward pressure.

Sui’s (SUI) price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows.

STORY CONTINUES BELOW

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The token’s price fluctuated $0.28, or approximately 7%, between session highs of $3.98 and lows of $3.69. The digital asset initially demonstrated strength, advancing from $3.88 to $3.98 with institutional volume exceeding 18 million units, before encountering significant resistance at the $3.97 to $3.98 level where corporate selling pressure intensified.

Trading volume then saw a dramatic reversal, characterized by exceptional trading volume of 35.3 million units, establishing a critical support threshold near $3.71 to $3.72 where institutional buyers attempted to defend valuations.

The session concluded at $3.69, representing a 5% decline from opening levels, suggesting continued bearish sentiment among corporate investors despite established support mechanisms.

SUI’s derivatives market also saw a wave of long positions unwind, with open interest falling 15% to $1.79 billion, according to CoinMarketCap. Funding rates — which influence the cost of holding leveraged long positions — dropped to 0.0083%, down sharply from their July peak of 0.075%. The decline in rates reduced the incentive for traders to maintain bullish leveraged bets, signaling a cooling in market sentiment.

SUI is underperforming the broader crypto market as measured by the CoinDesk 20 Index, which is flat over the past 24 hours.

Despite a rough past 24 hours, the token is still up about 5% over the past seven days and 9% over the past month as several positive developments caught investor’s eyes last week.

Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients on Friday. Earlier that week, another Swiss institution, Amina Bank, said it had started offering both trading and custodial services for SUI.

SUI’s month-long rally may be prompting some investors to lock in gains, adding to selling pressure in the market.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.

Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.