SUI Surges 3% After $162M Recovery Plan and Nasdaq ETF Proposal Spark Market Optimism

Sui (SUI) is currently trading at $3.2254 with a 24-hour price increase of 3.06% and a trading volume of $777 million, ranking #11 by market capitalization at approximately $10.86 billion. The recent price movement is primarily attributed to the Sui validators' approval of a $162 million asset recovery plan following the Cetus decentralized exchange exploit, which has helped restore market confidence. Additional upward momentum has been supported by reports of a Nasdaq ETF proposal for SUI, while anticipation of a significant token unlock event is contributing to increased volatility and trading activity.