SUI Drops 6.41% After Cetus Protocol Breach

SUI is currently trading at $3.6333 on Binance, reflecting a 6.41% decline over the past 24 hours, with strong trading activity and a 24-hour volume exceeding $2 billion, placing SUI at #13 by market capitalization. The recent price decrease is primarily attributed to the major security breach at Cetus Protocol, the largest DEX on the Sui network, which resulted in over $220 million in losses and prompted swift incident response measures, including asset freezes and bounty offers; despite the breach, SUI has demonstrated resilience, supported by ongoing ecosystem growth and high trading volumes, but the immediate market reaction reflects heightened risk sentiment and uncertainty following the exploit.