SUI Plummets Over 30% As Trading Goes Live On Exchanges, What Went Wrong?

SUI, one of the long-awaited blockchain token projects in the crypto community, finally launched earlier today. However, contrary to expectations, SUI has recorded a significant plunge in price as the trading went live on multiple exchanges. 
Over the past 4 hours since its launch, the token has declined by more than 30%. This price action disappointed traders who expected the token to only record a continuous upward trend following its launch, as often happens during these events.
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