SUI's price dropped 9.1% to $2.29 on October 31, driven by concerns over a $147 million token unlock scheduled for November. The decline broke the $2.41 support level, leading to increased liquidations and a 160% surge in trading volume. The token briefly touched $2.27 before stabilizing, with institutional selling playing a significant role in the downturn. Despite the price drop, Momentum DEX reported a robust $26 billion in weekly trading volume, and the SUI Foundation announced the addition of Bing Gordon as an adviser. Traders are closely monitoring the key support range of $2.27–$2.29 and resistance levels at $2.41 and $2.59.