SUI Drops 4.29% Following Cetus Protocol Exploit, $2.15B Trading Volume

SUI is currently trading at $3.6513 on Binance, down 4.29% over the past 24 hours, with a 24-hour trading volume of approximately $2.15 billion and a market capitalization near $12.26 billion. The recent price decline follows heightened volatility after the Cetus Protocol exploit on the Sui network, which resulted in over $223 million in losses, though Sui validators managed to freeze a significant portion of the stolen funds and Binance confirmed its support for the network. Despite this security incident, SUI experienced a brief price surge on May 24, 2025, attributed to increased trading activity sparked by a missed order report and continued strong DeFi ecosystem growth, but subsequent profit-taking and market reaction to the exploit have contributed to the recent price pullback.