#Sui Ecosystem: From Hacker Crisis to Dawn of Recovery
In June 2025, the Sui ecosystem underwent a significant test. On May 22, the Cetus protocol suffered a loss of approximately $200 million due to a 'oracle manipulation attack', causing the SUI price to drop from $4.18 to $3.82, leading to a temporary decline in market confidence. However, the Sui team acted swiftly, freezing 90% of the stolen funds and collaborating with validators to respond to the crisis, demonstrating strong crisis management capabilities.
As of June 29 at 9:15 AM CST, the SUI price rebounded to $2.8065, up 3.99% over the past 24 hours, with technical indicators such as MACD and MA showing bullish signals, and an RSI of 76.42 reflecting strong buying pressure. The total locked value (TVL) exceeded $2 billion, with significant contributions from the BTCfi sector, indicating ecosystem vitality. Nasdaq-listed Lion Group incorporated SUI reserves, and 21Shares submitted an ETF application, further boosting market confidence. Sui invested $10 million to upgrade security and launched zkAt technology to enhance user trust. The $119 million token unlock on June 30 may bring short-term selling pressure, but the market is already prepared.
Additionally, Sui is collaborating with networks such as Bitlayer and Stacks to promote cross-chain development, while new projects like Lineup Games and Arttoo enrich the content in the gaming and NFT sectors. Despite facing challenges, the Sui ecosystem is gradually recovering and showcasing innovative potential. Future developments will depend on the effectiveness of security upgrades and community adoption rates, warranting ongoing attention.
