Sui Price Collapses 87% After Token Unlock & China Tariff Shock
- Sui (SUI) crashed nearly 87%, plunging from $3.80 to $0.50 after a $144 million token unlock collided with Trump’s surprise 100% China tariff announcement.
- The event triggered over $7 billion in crypto liquidations, with $100 million from SUI positions alone, before the token partially recovered to around $2.76.
- Analysts warn that Sui must hold support near $2.8 to avoid further drops, while RSI levels suggest short-term oversold conditions that could spark a rebound.
The Sui market just went through absolute chaos. In one of the sharpest crashes seen this year, the token nosedived nearly 87%, tumbling from $3.80 to just $0.50 in minutes. The timing couldn’t have been worse — a massive $144 million token unlock hit the market right as Trump announced new 100% tariffs on China. What followed was a domino effect that liquidated billions across crypto.
By the time the dust settled, over $7 billion in positions were wiped out industry-wide. Bitcoin slipped under $110,000, Ethereum cratered below $3,700, and Sui — well, it took the worst of it.
Token Unlock Sparks Chain Reaction
The main trigger was the unlock of roughly 44 million SUI tokens, worth over $144 million at the time. Those tokens hit exchanges like Binance and Coinbase all at once, flooding thin order books and setting off a chain of panic sales. Once the first stops hit, automated liquidations kicked in, and prices started freefalling faster than anyone could react.
In total, around $500 million in crypto liquidations were tied directly to the Sui crash, with nearly $100 million from SUI futures alone. Trading volumes surged 294%, reflecting traders scrambling to exit before getting caught in the washout.
Sui managed to claw its way back from the $0.50 low to around $2.40, but it still closed the day down more than 20%. At the time of writing, SUI trades near $2.76, with a market cap of roughly $10 billion — down over $2.5 billion from just a day earlier.
BREAKING:
— Watcher.Guru (@WatcherGuru) October 10, 2025President Trump to impose 100% tariff on China starting November 1st. pic.twitter.com/eBCzqjqIhh
The Broader Market Gets Hit Hard
The chaos wasn’t limited to Sui. When Trump’s tariff post went live late Friday, the entire crypto market reacted instantly. Bitcoin dropped $3,000 within minutes, plunging below $110,000. Ethereum sank 16%, while Solana, XRP, and Dogecoin each lost between 20–30%. Cardano, Chainlink, and Aave saw even steeper declines, with some crashing as much as 40%.
The total liquidation count topped $7 billion — a level not seen since the COVID-19 market meltdown back in March 2020. Trader Bob Loukas even described it as “COVID-level nukes,” calling the move a “mother of all shakeouts.”
Technical Breakdown & What’s Next
From a technical angle, the damage was brutal. SUI broke through its 7-day moving average at $3.40, slicing cleanly below Fibonacci support at $3.26. Once that level was gone, algorithmic selling took over, slamming the price down to $2.82 before the eventual bounce.
The RSI now sits around 28 — deep in oversold territory — which could signal a short-term rebound if buyers step back in. That said, if the token fails to hold the $2.82 floor, analysts warn the next strong support lies near $2.11.
To flip bullish again, SUI would need to reclaim $3.26 and hold above it with volume. But right now, open interest in SUI derivatives has dropped 15%, suggesting traders are staying on the sidelines until volatility calms down.
For now, all eyes are on two things — whether buyers can defend current support, and how the market reacts to ongoing U.S.-China tensions. It’s a brutal reminder that even the strongest rallies can unravel in seconds when macro shocks collide with token unlocks.
The post Sui Price Collapses 87% After Token Unlock & China Tariff Shock first appeared on BlockNews.
Read More
XRP Struggles to Hold $2.8 as Whales Keep Selling — Can Bulls Still Turn It Around?
Sui Price Collapses 87% After Token Unlock & China Tariff Shock
- Sui (SUI) crashed nearly 87%, plunging from $3.80 to $0.50 after a $144 million token unlock collided with Trump’s surprise 100% China tariff announcement.
- The event triggered over $7 billion in crypto liquidations, with $100 million from SUI positions alone, before the token partially recovered to around $2.76.
- Analysts warn that Sui must hold support near $2.8 to avoid further drops, while RSI levels suggest short-term oversold conditions that could spark a rebound.
The Sui market just went through absolute chaos. In one of the sharpest crashes seen this year, the token nosedived nearly 87%, tumbling from $3.80 to just $0.50 in minutes. The timing couldn’t have been worse — a massive $144 million token unlock hit the market right as Trump announced new 100% tariffs on China. What followed was a domino effect that liquidated billions across crypto.
By the time the dust settled, over $7 billion in positions were wiped out industry-wide. Bitcoin slipped under $110,000, Ethereum cratered below $3,700, and Sui — well, it took the worst of it.
Token Unlock Sparks Chain Reaction
The main trigger was the unlock of roughly 44 million SUI tokens, worth over $144 million at the time. Those tokens hit exchanges like Binance and Coinbase all at once, flooding thin order books and setting off a chain of panic sales. Once the first stops hit, automated liquidations kicked in, and prices started freefalling faster than anyone could react.
In total, around $500 million in crypto liquidations were tied directly to the Sui crash, with nearly $100 million from SUI futures alone. Trading volumes surged 294%, reflecting traders scrambling to exit before getting caught in the washout.
Sui managed to claw its way back from the $0.50 low to around $2.40, but it still closed the day down more than 20%. At the time of writing, SUI trades near $2.76, with a market cap of roughly $10 billion — down over $2.5 billion from just a day earlier.
BREAKING:
— Watcher.Guru (@WatcherGuru) October 10, 2025
The Broader Market Gets Hit Hard
The chaos wasn’t limited to Sui. When Trump’s tariff post went live late Friday, the entire crypto market reacted instantly. Bitcoin dropped $3,000 within minutes, plunging below $110,000. Ethereum sank 16%, while Solana, XRP, and Dogecoin each lost between 20–30%. Cardano, Chainlink, and Aave saw even steeper declines, with some crashing as much as 40%.
The total liquidation count topped $7 billion — a level not seen since the COVID-19 market meltdown back in March 2020. Trader Bob Loukas even described it as “COVID-level nukes,” calling the move a “mother of all shakeouts.”
Technical Breakdown & What’s Next
From a technical angle, the damage was brutal. SUI broke through its 7-day moving average at $3.40, slicing cleanly below Fibonacci support at $3.26. Once that level was gone, algorithmic selling took over, slamming the price down to $2.82 before the eventual bounce.
The RSI now sits around 28 — deep in oversold territory — which could signal a short-term rebound if buyers step back in. That said, if the token fails to hold the $2.82 floor, analysts warn the next strong support lies near $2.11.
To flip bullish again, SUI would need to reclaim $3.26 and hold above it with volume. But right now, open interest in SUI derivatives has dropped 15%, suggesting traders are staying on the sidelines until volatility calms down.
For now, all eyes are on two things — whether buyers can defend current support, and how the market reacts to ongoing U.S.-China tensions. It’s a brutal reminder that even the strongest rallies can unravel in seconds when macro shocks collide with token unlocks.
The post Sui Price Collapses 87% After Token Unlock & China Tariff Shock first appeared on BlockNews.
Read More