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SUI crypto token drops over 26% in a month, enters consolidation amid wallet shutdown and TVL decline.

Protocol Fundamentals
13 Nov 2026, 11:00 WIB
AMBCrypto
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Bearish
SUI crypto token drops over 26% in a month, enters consolidation amid wallet shutdown and TVL decline.

SUI crypto token has fallen more than 26% in the past month, currently trading around $0.78 after a recent 4.6% drop. This decline follows the announcement that Suiet, a key wallet for the Sui blockchain, will cease development and API services by November 14, contributing to a 23% drop in Sui's total value locked (TVL) from $510.9 million to $394.27 million. Despite this, the community remains optimistic, suggesting the price may have hit a bottom and is entering a consolidation phase where patient investors accumulate while others sell. Analysts note potential for a short-term bounce and eventual price recovery, supported by stablecoin inflows and liquidation patterns indicating a possible upcoming rally.

While SUI has dropped over 26% in the past month, on Pluang it trades at Rp14.575 as of Nov 13, 2026 16:21 WIB, down 1.12% in the last day. Its market cap stands at Rp60.26 trillion with a 24-hour volume of Rp7.29 trillion, and only 42% of its total supply is circulating. The Pluang order activity shows a nearly balanced sell-to-buy ratio at 51% to 49%, indicating mixed investor sentiment amid the recent price decline.

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