SUI Drops 6% After $223M Cetus Protocol Hack, High Trading Volume Signals Ongoing Volatility

Sui (SUI) is currently trading at $3.8380 on Binance, with a 24-hour opening price of $4.0931 and a price change of -6.23%. Trading volume remains high, reflecting continued market interest and liquidity.

The recent price decline is primarily attributed to the $223 million hack of Cetus Protocol, the largest DEX on the Sui network, which has introduced significant market uncertainty and negatively impacted sentiment. Prior to the incident, SUI had shown strong performance and institutional interest, but the security breach has led to a notable pullback in price and increased volatility.