SUI Price Eyes Breakout as CETUS Recovery and ETF Buzz Build Momentum

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-30 13:20:15

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

SUI’s price hovered at $3.4836 amid broader crypto market pressures, underperforming peers despite strong fundamentals. Geopolitical tensions and the aftermath of Cetus Protocol’s $223 million exploit—where $162 million remains frozen—initially weighed on sentiment.

The tide appears to be turning. Cetus validators overwhelmingly approved a recovery plan, with 90% voting to return frozen funds. Meanwhile, 21Shares joined Canary in filing for a spot sui ETF, mirroring the institutional interest that fueled Bitcoin’s ETF-driven rallies.

Technical indicators now show bullish signals. Traders are watching for a potential breakout, balancing the dual catalysts of ETF accessibility and ecosystem recovery against ongoing macroeconomic challenges.

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