--- title: "Why did Sui drop 7.8% on October 29, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/sui/2026-10-29" date: 2026-10-29 --- # Why did Sui drop 7.8% on October 29, 2026? No verified news or market data found so far explains this fall. Reports of Sui-related product launches were positive, but the available evidence does not link them to the decline. On October 29, 2026 (UTC), SUI went from about $0.9433 to $0.8699 (-7.77%) on OKX · USDT, trading between $0.8585 and $0.962. SUI largely moved with the market. SUI fell further than this on 1 of the past 29 days. No SUI report was collected from the day before to the day after; the cause is unresolved. Since 2023-05-03, SUI has fallen 7% or more in a UTC day 48 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 23 of 48 cases, with a median change of -0.24%. This is history, not a forecast. ## What may be driving the move No verified news or market data found so far explains this fall. Reports of Sui-related product launches were positive, but the available evidence does not link them to the decline. - amplifier · low: Negative settled funding and slightly lower buyer-initiated volume share are consistent with bearish positioning that could have amplified selling. Open interest also rose, but does not reveal position direction. Evidence gap: These measures do not show who traded, whether liquidations occurred, or whether positioning preceded the fall; the funding history is not a steady trend. Sources: [S5](), [S7](), [S8]() - trigger · low: A report published Oct 29, 06:17 UTC said Mercado Bitcoin had enabled transfers on Sui. This was positive adoption news, so any price effect would more naturally support buying than explain a fall. Evidence gap: No evidence links the announcement to selling; the report’s publication time does not establish when the move began. Sources: [S12]() Open question: The move’s onset and any initiating news or trading activity remain unknown. Analysis generated: 2026-10-30T00:23:16.000Z; evidence window: 2026-10-29T00:22:57.000Z → 2026-10-30T00:22:57.000Z. - Day open / close: $0.9433 → $0.8699 (24 hourly candles, OKX · USDT) - Day range: $0.8585 – $0.962 - Versus Bitcoin: -7.77% / BTC -4.11%; 24 hours to Oct 30, 2026, 00:00 UTC; the headline uses the live price. About +0.6 points of the move is its own after allowing for Bitcoin - Versus the past month: 1 of the past 29 days fell further; -7.77% in the 24 hours to Oct 30, 2026, 00:00 UTC, 3.1× a typical day (2.5%). - 30-day range: 31.2% below the high · 1.3% above the low; From hourly highs and lows on the same venue - Other tracked coins: 15 of 15 others also fell 2.6% or more - 24h volume: 1.3×; of its prior 30-day daily average - Perpetual swap: funding near zero · open interest rising; OKX perpetual swap SUI-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. ## SUI timeline around October 29, 2026 Largest closed hourly move: -5.93%, Oct 29, 2026, 20:00–21:00 (UTC). ## How often has this happened before? Since 2023-05-03, SUI has fallen 7% or more in a UTC day 48 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 23 of 48 cases, with a median change of -0.24%. This is history, not a forecast. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 48 | 26 | +0.41% | | 7 days later | 48 | 23 | -0.24% | | 30 days later | 47 | 21 | -4.96% | Episodes: 2026-10-08, 2026-09-28, 2026-06-02, 2026-05-15, 2026-01-31, 2026-01-19, 2025-12-01, 2025-11-21, 2025-11-11, 2025-10-30 (UTC) One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-29 (UTC) - [Quack AI (Q) -29.02%]() - [Pons (PONS) -21.29%]() - [Ethena (ENA) -16.29%]() - [NEAR Protocol (NEAR) -14.24%]() - [Raydium (RAY) -12.52%]() [SUI price and news]() [Methods and limitations]()