<ul><li>SUI&#39;s price plummeted 7% to dip below $0.5, triggered by a looming $36 million token unlock in the crypto market.</li><li>Investors fear a bearish impact on SUI and other cryptocurrencies as token unlocks encourage profit-taking and potential price crashes.</li><li>Major players like ImmutableX and dYdX face significant token unlocks, adding to the uncertainty clouding the crypto landscape.</li></ul>In a surprising turn of events, the cryptocurrency market experienced a significant setback, with the price of SUI falling by over 7%, setting a precedent for what may lie ahead. At the time of writing, SUI&#39;s price dipped below the $0.5 mark, marking a substantial decline shortly after barely breaching this threshold over the weekend.The coming week is poised to witness the unlocking of approximately $36 million worth of tokens, sending ripples throughout the crypto landscape. SUI, dYdX, and ImmutableX are among the cryptocurrencies that may observe price declines as the imminent unlocking event looms.SUI, in particular, saw its price plummet by more than 7.7% within the previous 24 hours, with its value resting at $0.46. This decline comes from a 7.6% increase that allowed the altcoin to surpass the $0.50 threshold. While this may seem like a setback, there is still room for recovery, as indicated by the Relative Strength Index (RSI), which remains above the neutral line at 50.0, suggesting a potential bounce-back in SUI&#39;s price.Read full article at <a href="https://cryptotale.org/crypto-market-shivers-as-sui-price-plummets-7-ahead-of-36-million-token-unlock/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Market Shivers as SUI Price Plummets 7% Ahead of $36 Million Token Unlock

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