SUI drop 5% on $162M Unlock; Bitcoin remain top for 61.4%
For August 5, SUI price drop about 5% after $162 million token unlock make selling pressure heavy. This decline pass the 1.6% general market drop as Bitcoin dominance waka go up to 61.4%, so e make money move enter safer assets. For this month till now, SUI price don drop more than 20%, wey clear $3 billion market value. Trading volume drop 6.8% reach $1.15 billion but Bitcoin volume jump 8.2%, e dey show say people no too ready to take risk again. Even if fundamentals strong—total value locked near $2 billion and network activity plenty—and support from big players like AMINA Bank custody services and Mill City Ventures $450 million SUI treasury dey grow, still macro uncertainty and supply wahala dey make short-term future of SUI dey look dark.
Bearish
Di 5% fall afta $162 million token unlock an di 20% decline dis monf, e mean seh di sell pressure don strong and people dey shift their money go Bitcoin because di macro uncertainty. Di wan low trading volume an di increase for Bitcoin dominace dey show seh risk-taking nah dey. Even tho strong TVL an institutional support dey for long-term fundamentals, short-term supply shocks an market feeling fit keep SUI price under pressure.