SUI lost over 26% in a month amid TVL reduction in the network

On November 13, 2026, the Sui (SUI) token was trading around $0.78 after a 4.6% drop over the day. Over the month, the cryptocurrency lost more than 26%. Amid the decline in quotes, the value of assets in Sui's DeFi protocols decreased, and the developers of the Suiet wallet announced the cessation of support.

Sui's TVL decreased by approximately 23% over the month

According to DefiLlama, the total value locked (TVL) in Sui protocols decreased from $510.9 million to $394.3 million in the AMBCrypto snapshot. This is a reduction of approximately 22.8%. In other snapshots on November 13, the aggregator showed about $397–405 million. TVL in dollars is affected by both asset withdrawals and changes in their price.

The capitalization of stablecoins in the network was approximately $538–544 million. This figure cannot be combined with TVL: they describe different categories of assets and may partially overlap.

Suiet will disable API after November 14

The Suiet team announced the end of development and support for the non-custodial wallet. API services will operate until November 14 inclusive, after which they will be disabled. Users were advised to save recovery data and check access to their accounts through a compatible Sui wallet.

The developers emphasized that the closure of Suiet will not remove tokens from the blockchain. However, after the API is disabled, the application may stop displaying balances and sending transfers. The causal link of this decision with the fall of SUI is not established.

Why traders expect a rebound

Some community members suggest that a drop below the recent trading range may have triggered stop orders and led to the closing of long positions. AMBCrypto's analysis highlights potential liquidation zones around $0.76–0.78 and $0.81–0.83. The upper levels are associated with the risk of closing short positions as the price rises.

However, the heat map shows estimated liquidity zones, not guaranteed price movements. The assumption of reaching a price bottom remains a hypothesis of traders.