Sui drops to $0.70, down 4.3% over 24 hours.
The ecosystem project Full Sail has been hit due to a Switchboard oracle malfunction.
There’s also additional pressure from a batch of token unlocks coming next; on-chain funds are temporarily choosing to wait and see.
Bearish thesis: a safety incident combined with unlock-selling pressure means short-term positions are likely to be withdrawn first.$SUI #sui
The ecosystem project Full Sail has been hit due to a Switchboard oracle malfunction.
There’s also additional pressure from a batch of token unlocks coming next; on-chain funds are temporarily choosing to wait and see.
Bearish thesis: a safety incident combined with unlock-selling pressure means short-term positions are likely to be withdrawn first.$SUI #sui