$SUI

Ecosystem Hit by $260M Hack — Token Dumps 15%

A major liquidity provider in the Sui (SUI) ecosystem has suffered a $260 million exploit, leading to a sharp 15% drop in SUI’s price.

Key Details:

The hack targeted a liquidity protocol managing large SUI reserves.

Price of $SUI plummeted from ~$1.21 to ~$1.03 in hours.

Panic selling and liquidity drain intensified the decline.

Market Impact:

Confidence in the Sui network has weakened.

Recovery depends on patching security flaws and rebuilding trust.

Support zone lies near $0.95, with strong resistance around $1.15.

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