SUI Surges 6.65% as Market Recovers, Nasdaq ETF Filing and Security Fund Boost Optimism

SUI is currently trading at $3.7378 with a 24-hour open of $3.5048, reflecting a 6.65% increase and strong trading activity, supported by a 24-hour volume of approximately $1.26 billion and a market capitalization exceeding $12.3 billion. The recent price surge is attributed to a combination of factors: the market's recovery following the $223 million Cetus Protocol security breach on the Sui network, proactive measures including a $10 million security fund and compensation efforts by the Sui Foundation, and renewed investor optimism driven by Nasdaq’s filing for a 21Shares SUI ETF. Additional positive sentiment comes from Binance’s listing of the Haedal token and related airdrop activities, contributing to increased engagement in the Sui ecosystem despite recent security challenges.