SUI Price Dips After Cetus Exploit; Major Investor Bets Big
The price of SUI dropped to $3.90 following the recent theft incident involving the Cetus platform, according to Odaily. Despite the setback, a prominent investor—well-known for profiting from Bitcoin long positions—has taken a bullish stance on SUI.
The trader has opened a 10x leveraged long position, accumulating 3,554,305 SUI at an average entry price of $4.01146. The position, currently valued at $14.46 million, has already yielded an unrealized profit of $264,000.
