Today, a series of tokens built on the Sui blockchain have plummeted sharply on decentralized exchanges (DEX), following suspicions of an attack on the Cetus protocol.

Cetus is one of the leading platforms providing liquidity infrastructure and decentralized trading on the Sui network. However, according to data from DEX Screener, the liquidity pools of Cetus are being drained of millions of dollars, causing many tokens like LOFI and HIPPO to drop over 50% in just one hour. Some tokens even lost value by more than 90%.

The prices of tokens on centralized exchanges remain relatively stable, but data from CoinGecko shows that the impact of the incident is beginning to spread, dragging down the overall market price sharply. The CETUS token recorded a decline of about 50% on DEX and nearly 30% overall in the past hour.📉#sui