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SUI Price Struggles Below $4 Resistance Following Cetus Protocol Hack
SUI Price Struggles Below $4 Resistance Following Cetus Protocol Hack
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI faces challenges in regaining momentum after a $223 million hack on Cetus Protocol, marking one of DeFi’s largest breaches this year. The token is currently trading at $3.62, down 1% over the past 24 hours and nearly 20% from pre-attack levels.
Before the May 22 exploit, sui had seen a 60% monthly surge, reaching a peak of $4.29 on May 12. This rally was driven by institutional partnerships and real-world asset tokenization—until security concerns triggered a 14% single-day drop.
The breach has reignited discussions about SUI Network’s decentralization. Traders are now monitoring the $3.48-$3.62 range for signs of recovery or further decline.
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