SUI, the native token of the Sui blockchain, experienced a sharp decline of 9.2%, dropping to $2.02 on Tuesday. This downturn followed a significant $116 million exploit at the DeFi protocol Balancer. The incident led to heightened trading activity and signs of institutional liquidation, with SUI struggling to regain its footing above crucial support levels. On-chain data revealed that approximately 42.6 million SUI tokens were traded, marking a 68% increase over the daily average. The $2.08 price point has now become a resistance level, and technical indicators suggest potential further declines if the token falls below $2.014.