Market Alert: CETUS & SUI Plunge After Reported Cetus Protocol Exploit

Both $CETUS and $SUI have seen sharp declines following reports of an exploit on Cetus Protocol, the primary DEX and liquidity provider on the Sui blockchain.

What Happened:

Over $11 million in SUI was allegedly drained from the SUI/USDC pool, causing major liquidity loss and panic selling across the ecosystem.

Impact:

$CETUS dropped over -40%, from $0.2572 to ~$0.1465

SUI fell -15%+, from $4.20 to a low of $3.65

Trading volume surged as users rushed to exit positions

Why It Matters:

The exploit has shaken confidence in Sui’s DeFi infrastructure. As Cetus underpins many trading pairs, trust and liquidity across the network are at risk.

What to Watch:

Official confirmation and response from the Cetus team

Recovery or compensation plans

Broader ecosystem reaction and liquidity movement

Note: Volatility remains high. Caution is advised for all traders.

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