SUI Plunges 9% as $116M DeFi Exploit Rattles Crypto Markets

SUI, the native token of the Sui blockchain, experienced a significant decline of over 9% on November 4, 2025, following a major exploit in the decentralized finance (DeFi) space. This sell-off was triggered by a $116 million hack on the DeFi protocol Balancer, raising concerns across the cryptocurrency market. The token dropped to as low as $2.02 and breached critical support levels, leading to heavy trading with a volume 68% above the daily average. Analysts cautioned that if bulls do not reclaim the resistance level of $2.07, further downside could be imminent with technical targets potentially dropping to $1.95. The atmosphere of insecurity prompted investors to pull back from riskier assets, resulting in signs of institutional liquidation. The overall crypto market reflected this sentiment, with a notable drop in the CoinDesk 5 Index by 1.15%.

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