SUI Token Dips 3% Amid SEC ETF Delay and Cetus Exploit, Trading Volume Hits $1.25B

SUIUSDT experienced a 3.06% decline over the past 24 hours, with the price dropping from a 24h open of $3.1553 to $3.0588 on Binance. This price movement is primarily attributed to negative sentiment following the US SEC's delay in reviewing the Canary Capital spot SUI ETF application and the $223 million exploit of the Cetus Protocol, both of which increased volatility and contributed to a short-term dip. Despite these challenges, SUI remains actively traded with a 24-hour volume of approximately $1.25 billion and a market capitalization of $10.2 billion, currently ranking #12 by market cap. The token rebounded from a low of $2.88 but faces resistance at $3.17, with overall sentiment remaining neutral and near-term outlook cautious due to recent adverse events and broader market pressures.