SUI, the native token of the SUI blockchain, experienced a sharp drop in value, losing over 15% on October 4th. The drop coincided with the unlocking of 64.2 million tokens, but the impact was relatively contained, suggesting confidence in the long-term potential of SUI. The SUI ecosystem continues to expand rapidly, with the total value locked reaching $1 billion. Factors driving SUI's growth include Grayscale's launch of the SUI Trust, partnerships in the blockchain gaming and AI sectors, and plans to bring stablecoin USDC to the SUI blockchain. From a technical perspective, SUI appears to be regaining bullish momentum, potentially targeting its all-time high of $2.17.



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