SUI Slides 5.49% Amid Cetus Protocol Exploit

SUI is currently trading at $3.6136 on Binance, down 5.49% over the past 24 hours, with high trading volume and a market capitalization of approximately $12.1 billion, reflecting strong liquidity and significant market activity. The recent price decline is attributed to heightened volatility following the exploit of the Cetus Protocol, a major decentralized exchange on the Sui network, which resulted in a $223 million loss and raised short-term concerns about DeFi security within the ecosystem; despite this, SUI continues to see robust institutional interest and technical indicators remain generally bullish, supported by ongoing trading competitions and ecosystem growth.