Cryptocurrency Q&A Why did SUSHI coins drop?

Why did SUSHI coins drop?

SeoulSerenity SeoulSerenity Fri Nov 29 2024 | 5 answers 882
I noticed a significant drop in the value of SUSHI coins recently. I'm curious to understand the reasons behind this decrease. Could it be due to market volatility, changes in the project's fundamentals, or any other specific factors? Why did SUSHI coins drop?

5 answers

Elena Elena Sun Dec 01 2024
On June 13th, 2022, the tokens dropped even further, falling below $1. This steep decline was attributed to the crypto market crash.

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HanRiverVisionary HanRiverVisionary Sun Dec 01 2024
SUSHI tokens encountered difficulties in 2022, experiencing a significant decline in value.

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Caterina Caterina Sun Dec 01 2024
By the beginning of June 2022, the price of SUSHI tokens had fallen below $1.

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FireFlyer FireFlyer Sat Nov 30 2024
The crypto market crash was triggered by withdrawal cancellations on the Celsius Network.

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Silvia Silvia Sat Nov 30 2024
Following the crash, the price of SUSHI tokens stabilized between $1 and $2. There was some recovery in November, following the bankruptcy incident involving the FTX exchange.

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