The price of Sui, a Layer 1 blockchain token, reached an all-time high of $5.36 on January 6, 2025. However, it has experienced a significant decline along with Bitcoin's drop below $96K in a bearish market. A whale holding a $20 million long position on SUI is now close to liquidation. Investors are uncertain if Sui can recover above $5 following this week's volatility and market sell-off.



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