SUI Surges 6.39% as ETF Filing and Security Response Drive $1.2B Trading Volume

Sui (SUI) is currently trading at $3.6871 with a 24-hour price increase of 6.39% and a trading volume of over $1.2 billion, maintaining its position as the 11th largest cryptocurrency by market capitalization. The recent price surge is primarily attributed to positive market sentiment following 21Shares' filing for a SUI ETF with Nasdaq, which drove increased trading activity and on-chain transactions. Despite volatility caused by the $223 million Cetus Protocol hack on May 22, swift action by the Sui Foundation and validators to freeze stolen assets and implement additional security measures has helped restore confidence, supporting the current recovery and bullish momentum.