SUI Faces Volatility After Cetus Protocol Breach, Market Cap Holds Above $11.7 Billion

SUI is currently trading at $3.5416 with a 24-hour price change of -2.25% and strong trading volume, maintaining a market capitalization between $11.76 billion and $12.15 billion. The recent price decline is primarily attributed to the security breach of Cetus Protocol, a major decentralized exchange on the Sui blockchain, which resulted in significant losses and temporarily impacted other Sui-based DEX operations. This event led to increased volatility and short-term downward pressure on SUI’s price, despite ongoing ecosystem development and sustained institutional interest.