coingape.com
Sui price, a Layer 1 blockchain token, surged to a record high of $5.36 on January 6, 2025. However, the price has since faced a significant correction, aligning with Bitcoin’s dip below $96K in a broader bearish market trend. A whale’s $20 million long position on SUI is now nearing liquidation. Investors are questioning whether Sui can recover above $5 after this week’s volatility and market sell-off.