SUI slips amid crypto selloff when HashKey exchange confirms new listing.
SUI slipped below $1.10 amid a broad crypto selloff, tracking weakness in bitcoin and major altcoins. Hong Kong's HashKey exchange will list SUI/USD for professional investors from February 4.
HashKey Exchange, Hong Kong's largest licensed cryptocurrency platform, is set to list Sui, a development amid a sharp downturn in digital asset markets.
Sui's native token, SUI, has come under heavy selling pressure in recent sessions, sliding below $1.10 as the broader crypto market sold off sharply.
The decline coincided with Bitcoin trading around the $78,000 level, leading to losses in major and mid-cap tokens.
SUI, which currently ranks outside the top 20 cryptocurrencies by market value, was trading at $1.13 as of February 3, 2026.
Why did SUI collapse?
The SUI rebound followed the broader risk-hedging activity in the crypto markets.
The token is down 12% in the past week, reflecting the volatility seen in high-beta digital assets.
Solana, for example, fell to a 10-month low below $100 over the same period.
The sell-off followed earlier rallies driven by a combination of macroeconomic uncertainty and profitability.
Despite US President Donald Trump's nomination of crypto-friendly Kevin Warson as the next Federal Reserve chairman, the push was initially seen as supportive of digital assets.
However, with SUI hovering around $1.13 as of February 3, 2026, bulls may get a big boost from the news of a new listing on Hong Kong's largest crypto platform HashKey exchange.
HashKey exchange to add SUI/USD trading
The sentiment around SUI may find recent support from a new exchange listing.
HashKey exchange It announced that it will list the SUI/USD trading pair on February 3rd.
According to the exchange, free trading of SUI/USD will open on February 4, 2026 at 16:00 Hong Kong time.
Deposits and withdrawals for SUI are already live, allowing eligible participants to prepare ahead of the trade.
In accordance with Hong Kong's regulatory framework, access to the product will be limited to professional investors.
📣 New listing: SUI is coming to HashKey Exchange! @SuiNetwork
✅ Deposit and Withdrawal: Open ✅ Trading Pair (Spot): SUI/USD ✅ Account Time: 16:00 (UTC +8), February 4
👤 Available for: Professional Investors
🎯 Share 1000 20 HKD first to complete these tasks! (1000*20) ✅… pic.twitter.com/cWF7ubxrks
— HashKey Exchange (@HashKeyExchange) February 3, 2026
HashKey Exchange operates under the City's Virtual State Service Provider regime and has positioned itself as a respected venue focused on security and institutional-level access to digital assets.
The listing is expected to improve regional liquidity for SUI as interest grows in high-level Layer-1 blockchains, particularly those used in decentralized finance and Web3 applications.
Sui price prediction
Historically, listings on major Asian exchanges have led to an increase in trading activity for altcoins, often driven by institutional and regional participation.
While Hashkey's OTC focus has dampened the immediate investor base, broader market stabilization could amplify the listing's impact.
From a technical perspective, SUI appears to be oversold following its recent decline.
The relative strength index has entered oversold territory, suggesting the possibility of a short-term recovery.
A recovery could see $1.12 acting as a key support level.
The nearest resistance is seen in the range of $1.20 to $1.34, with the upper end indicating an area of previous interest.
However, momentum indicators such as the MACD remain weak, indicating continued downside risks.
If interest buying fails, SUI could face renewed pressure below the $1.00 level.
As with the broader crypto market, the direction of the token will be closely linked to changes in risk sentiment and bitcoin price action in the coming days.
