As of May 25, 2025, Sui (SUI) is trading at approximately $3.49, reflecting a 4.38% decline over the past 24 hours. The token's market capitalization stands at around $11.6 billion, with a circulating supply of about 3.34 billion SUI tokens. Kraken+9CoinGecko+9Binance+9Crypto.com
This downturn follows a significant security incident involving Cetus, the largest decentralized exchange (DEX) on the Sui network. On May 22, Cetus suffered a substantial exploit due to flaws in its smart contracts, leading to the loss of over $220 million in assets. The attacker manipulated price feeds using fake tokens, causing a sharp decline in liquidity pool token values and prompting Cetus to suspend operations. Bitcoinist.com+7Crypto Briefing+7DL News+7CCN.com+3DL News+3Crypto Briefing+3DL News+2CCN.com+2CryptoSlate+2
In response to the breach, validators on the Sui network managed to freeze approximately $162 million of the compromised funds, highlighting the network's capacity for coordinated security measures. CCN.com+1Bitcoin News+1
Despite the recent challenges, Sui's fundamentals remain robust. The network continues to attract attention for its scalability and innovative features, such as its object-centric model and use of the Move programming language. Investors and developers are closely monitoring the situation, with many expressing cautious optimism about Sui's long-term prospects
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