SUI Shows Resilience After Cetus DEX Exploit, Eyes Recovery Amid $162M Plan and ETF Filing

SUI is currently trading at $3.2555 with a 24-hour trading volume of approximately $1.2–$1.34 billion and a market capitalization between $10.6–$10.9 billion; the price declined 2.73% over the past 24 hours, with a 24-hour range of $3.05 to $3.51. The recent price decrease can be attributed to ongoing volatility following the $223 million Cetus DEX exploit and subsequent governance actions, including the Sui community’s approval of a $162 million recovery plan and the development of compensation contracts. Despite these challenges, the network has shown resilience, with strong validator support for recovery measures and continued investor interest, as reflected in high trading volumes and SUI’s position among the top cryptocurrencies by market cap. Additional factors influencing market sentiment include the upcoming unlock of 44 million SUI tokens and the filing of a 19b-4 form by 21Shares to list a SUI ETF on Nasdaq.