SUI token hits an all-time low of $0.367 as it faces market manipulation allegations. South Korean regulators express the need to investigate SUI's supply circulation claims. SUI's price remains uncertain after a minor recovery, with the future outlook depending on the pending probe. s of market manipulation surfaced amid a South Korean investigation, accusations that were later denied by the Sui Foundation.
Lawmaker Min Byeong-deok, member of the Democratic Party of Korea, criticized the Digital Asset Exchange Joint Consultative Body for its inaction on the allegations. In the translated report, the lawmaker is quoted stating, The price of Sui Coin has plummeted, and the main reason is that the circulation amount was lied, but they are not raising the issue. Byeong-deok highlighted that SUI has plummeted 67% in five months and a probe might be underway against the foundation and the native token.