SUI Drops 5.35% Amid Cetus Protocol Breach, $2.2B+ Volume Signals Volatility Surge

SUI is currently trading at $3.6736 on Binance, reflecting a 5.35% decline over the past 24 hours, with 24-hour trading volume between $2.18 and $2.32 billion and a market capitalization around $12.2 billion. The recent price drop is primarily attributed to the security breach at Cetus Protocol, Sui’s largest decentralized exchange, which resulted in losses of up to $260 million and triggered heightened volatility and negative sentiment across the SUI ecosystem, despite efforts by the Sui Foundation and partners to freeze and recover stolen assets. Elevated trading activity and a "firesale" atmosphere have contributed to short-term price pressure, although SUI maintains strong liquidity and remains a leading asset by market cap.