SUI Surges 4% as Security Initiatives and Nasdaq ETF Filing Drive Market Confidence

Sui (SUI) is currently trading at $3.7064, with a 24-hour price increase of 4.04% and strong trading volume, reflecting heightened market activity and a market cap of approximately $12.3 billion. The recent price movement is primarily attributed to the swift recovery actions following the Cetus Protocol security breach on the Sui blockchain, including a comprehensive compensation plan and the Sui Foundation’s $10 million security initiative, which have helped restore user confidence. Additionally, Nasdaq’s filing for a 21Shares SUI ETF and ongoing growth in Sui’s DeFi ecosystem have further boosted positive sentiment and trading activity, contributing to the asset’s resilience and upward momentum despite broader market volatility.