Sui (SUI) is showing bullish momentum, currently trading at $3.70, up over 6% as of Wednesday. A pivotal on-chain governance vote could be the key to unlocking further gains — and possibly pushing SUI past the $4 mark.
The Sui Foundation has proposed a special protocol upgrade to recover stolen funds from a recent exploit involving the Cetus protocol. The plan? A one-time authentication of two hard-coded transactions that would redirect the hacker’s funds to a multi-sig wallet managed by OtterSec, Cetus, and the Sui Foundation.
To pass, the proposal needs 50% of total staked votes (excluding abstainers) to vote yes, with the weighted stake in favor exceeding that against. So far, **34 of 114 validators$SUI $BTC $CETUS