SUI price dropped over 37.47% in the past month.
Sui fails to build an engaging community.
Bearish momentum impacts Sui’s inflationary model.
Sui Mainnet, a new player in the competitive blockchain industry, is under bearish momentum since it has experienced a significant decline in its token price in recent weeks. Since its public launch in May, Sui has struggled to gain traction.It had a staggering 37.47% decline over the past month and a further 20% drop in just seven days.
The situation worsened in the beginning of Q2 2023, when the token hit an all-time low of $0.5832, significantly below its initial launch price of $1.4537.
SUI Price Chart (Source : Trading View)
Unraveling Persistent SUI Price Dip
Sui recently faced allegations of fraudulent practices and token manipulation.DefiSquared, a prominent crypto account on Twitter, claimed to possess evidence indicating that Sui’s team had falsified token emission numbers and had been selling tokens not intended for circulation
We współpracy z: https://thenewscrypto.com/sui-plunges-into-the-dark-red-zone-heres-why/
