SUI Surges 4.5% as Ecosystem Recovers From Cetus Exploit and Nasdaq ETF Proposal Sparks Optimism

SUI is currently trading at $3.2714 with a 24-hour open of $3.1303 and a 24-hour price increase of 4.51%, supported by strong trading volume between $836 million and $926 million and a market capitalization of approximately $10.6 billion. The recent positive price movement is primarily attributed to the Sui ecosystem’s rapid response to the $223 million Cetus DEX exploit, including the validator-approved release of $162 million in frozen funds for user reimbursements, as well as renewed investor confidence following news of a potential SUI ETF proposal by Nasdaq and anticipation of the upcoming 44 million token unlock on June 1, 2025. These developments have contributed to increased market optimism and a rebound in SUI’s price despite recent volatility.