SUI Jumps 7.37% as Security Measures and Ecosystem Growth Restore Confidence After Cetus Incident

SUI is currently trading at $3.7225 with a 24-hour price increase of 7.37% and robust trading volume, maintaining its position as a top 15 cryptocurrency by market capitalization. The recent price surge follows a period of volatility triggered by the Cetus decentralized exchange security incident on the Sui network, which led to estimated losses of up to $223 million and a temporary decline in SUI price and network TVL. The recovery in price over the last 24 hours is likely driven by rapid ecosystem responses—including Sui validators freezing affected assets, Cetus offering a $6 million reward for information, and Sui allocating $10 million for enhanced security measures—alongside continued ecosystem growth such as new NFT launches and wallet integrations, which have helped restore market confidence and support the rebound.