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Cetus Protocol, the biggest decentralized exchange (DEX) on the Sui network, was hacked on Thursday, losing about $223 million worth of SUI tokens. The hack targeted the SUI/USDC liquidity pool, wiping out nearly all liquidity on Cetus and bringing trading on the platform to a halt. The incident also caused a flash depegging of USDC on the Sui chain, where it was reported to be exchanging hands for a fraction of a cent. Liquidity in some pairs fell sharply, with some pools dropping as low as $143,000. Cetus(@CetusProtocol) on #SUI was hacked and lost more than $260M! The hacker is converting the stolen funds into $USDC and cross-chaining to #Ethereum to exchange for $ETH, with ~60M $USDC already cross-chained.https://t.co/b0uGu8icXrhttps://t.co/0BpKSaygmr pic.twitter.com/txfxLoImOd — Lookonchain (@lookonchain) May 22, 2025 The exploit caused all of the top 15 SUI-based tokens to plunge by over 75%. Cetus Protocol Team Confirms Breach The Cetus team confirmed the breach a...

SUI crypto price prediction takes center stage as former Goldman Sachs executive Raoul Pal signals potential explosive growth in the cryptocurrency market. With blockchain scalability and crypto market volatility driving investor interest, Pal’s Analysis points to significant upside potential for this emerging digital asset. The focus on SUI crypto price prediction adds more weight to Pal’s assertions. Also Read: Bitcoin Reclaims $101,000: Will BTC Hit $140,000 Next? Why SUI Could Hit $1.80 Amid Crypto Market Volatility & Security Risks Source: Cryptonomist Pal’s Analysis Points to Major Breakout Source: CoinCodex Raoul Pal, CEO of Real Vision, sees SUI as a strong player ready for big gains. SUI trades at $5.07 now. Pal says it’s “pressing its nose against the ceiling” and ready to “go into hyperspace.” He backs this view because SUI keeps doing well against Solana, Ethereum, and Bitcoin. The token’s strong market position comes f...

The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist . For example, December 1 saw Sui’s largest unlock in U.S. dollar value to date due to SUI’s ongoing price increase, unlocking $224 million worth of 64.19 million tokens. The phenomenon is set to repeat on 2025’s first day if SUI continues trading close to its current level. Indeed, the usual 64.19 million SUI unlock currently holds a nominal value of $274.11 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.19% after the token unlock. Picks for you This historical pattern p...

PEPE and SUI prices gained massively after listing by Binance, with other crypto exchanges following the world’s largest crypto exchange in listing these tokens. While Binance continues to list meme coins, it has stayed away from Shiba Inu’s gas token BONE listing. Binance Adds PEPE and SUI in New Isolated Margin Pairs According to an official announcement on May 15, Binance added UMA/USDT cross margin pair on the platform. It also announced new Isolated Margin pairs for PEPE and SUI, which are PEPE /TUSD and   SUI/TUSD. After listing PEPE and SUI earlier this month, the crypto exchange continues to expand support despite listing meme coins such as PEPE and FLOKI in Innovation Zone. On May 9, Binance added PEPE and FLOKI as  borrowable assets  on  Cross   Margin , allowing users to trade PEPE and FLOKI in cross-margin trading. It also added both meme coins as loanable assets under the  Binance Flexible Loan  product. Binance  added SUI, FLOKI , and PEPE  to  Binance ...