“It’s really sad to see top projects falling.”

$OM dropped 90% due to potential insider activity, large sell-offs, and multiple other concerns.

$LAYER crashed right before its 46M token unlock and is still struggling to recover—just like OM.

And now, SUI's reputation is at risk. Although the Cetus Protocol exploit wasn’t a direct attack on SUI itself, it shook confidence across the entire SUI ecosystem.

“In crypto, a single piece of news can change everything.”

$SUI is already down 15% since the news broke. The current 4H candle is crucial (because of so much selling pressure, it's ot necessary, the current candle may cool down the pressure and starts showing colors from the next one, the key is to watch lower timeframes (< 4h)—if it closes below 3.6570, and especially 3.5830 it could strongly signal further downside. The next potential targets would be 3.4266, followed by the key support zone between 3.08 and 3.2236.

Given the circumstances, I believe we might reach that zone soon—possibly another 12% drop from the current price.

DYOR (Do Your Own Research).