SUI Surges 3.24% as Validators Freeze Stolen Funds, Trading Volume Hits $926 Million

SUI is currently trading at $3.6439 with a 24-hour trading volume of approximately $926 million and a market capitalization near $11.83 billion, reflecting a 3.24% price increase over the last 24 hours. The recent price movements are primarily attributed to the aftermath of the $223 million Cetus Protocol exploit on the Sui blockchain, which initially caused a significant decline in SUI’s value and total value locked, but partial recovery has followed as Sui validators managed to freeze a portion of the stolen funds and institutional interest remains strong. The ongoing recovery, coupled with upcoming token unlock events and continued high market activity, has contributed to the recent price volatility and renewed trading momentum.