Sui Network saw its SUI token drop 2.6% in 24 hours and more than 10% over the week, while ranking among the top three most searched cryptocurrencies. Robinhood launched a campaign offering $5 in SUI to users who complete educational modules about the Layer 1 network. Mysten Labs, the developer of Sui Network, appointed Kevin Boon as CEO, succeeding the interim leader. The network has repurchased approximately 900,000 SUI tokens since June 22, at an average rate of 7,600 tokens per day, aiming to surpass the 1 million mark by November 1. Technically, SUI is trading above the $0.98 support level but remains in a correction phase after hitting $1.30 last month.
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