$CETUS and $SUI update

Market Alert: CETUS & SUI Plunge After Reported Cetus Protocol Exploit


Both $CETUS and $SUI have seen sharp declines following reports of an exploit on Cetus Protocol, the primary DEX and liquidity provider on the Sui blockchain.


What Happened:


Over $11 million in SUI was allegedly drained from the SUI/USDC pool, causing major liquidity loss and panic selling across the ecosystem.


Impact:


$CETUS dropped over -40%, from $0.2572 to ~$0.1465


$SUI fell -15%+, from $4.20 to a low of $3.65


Trading volume surged as users rushed to exit positions


Why It Matters:


The exploit has shaken confidence in Sui’s DeFi infrastructure. As Cetus underpins many trading pairs, trust and liquidity across the network are at risk.


What to Watch:


Official confirmation and response from the Cetus team


Recovery or compensation plans


Broader ecosystem reaction and liquidity movement


Note: Volatility remains high. Caution is advised for all traders.

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May 22, 2025 at 4:42 PM
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