$HIPPO According to market news, the liquidity protocol Ce­tus on Sui was hacked, and the hacker is draining the trading pool. As a result, Sui ecosystem tokens collectively crashed, among which:

$HIPPO briefly dropped 80.3%;

$LOFI briefly dropped 75.39%;

$SQUIRT briefly dropped 96.65%;

$WET briefly dropped 75.38%;

$CE­TUS briefly dropped 49.6%.

So that's how it is, no wonder the crash happened.