Sui Analysis on May 24, 2025: Impact of Cetus Hack on Price Trends

Analysis of the $260M Cetus hack, SUI price predictions, and market trends on May 24, 2025.

On May 24, 2025, Sui (SUI) was in the spotlight due to a recent hack of Cetus, its primary liquidity provider and decentralized exchange. SUI’s price fluctuated between $3.64 and $3.81, reflecting efforts to recover after a 20% drop triggered by the hack. The incident, which drained approximately $260 million from liquidity pools, shook investor confidence, but swift actions by the Sui and Cetus teams to freeze $162 million of stolen assets have sparked hopes for recovery. The Cetus hack, caused by a smart contract exploit involving fake tokens like BULLA, reduced the network’s total value locked (TVL) to $75 million. The CETUS token also plummeted over 24% to $0.15. However, some analysts suggest that a 2.2% price increase in SUI on May 24 could be due to the team’s rapid response and market optimism from easing global trade tensions. From a technical perspective, SUI has formed a double-bottom pattern on daily charts, which could signal a bullish reversal. Key support at $3.20 and resistance at $4.00 are critical levels to watch. Breaking the $4.00 resistance could push prices toward $4.50–$6.00, but sustained selling pressure might drive prices below $3.00. Analysts predict SUI could reach $7.01 in 2025, especially if the Sui and Cetus teams restore investor trust. However, risks such as increased regulatory scrutiny and market volatility from economic policies like tariffs persist. Whale activity, with 32.9 million SUI worth roughly $137 million moved recently, could also introduce further volatility. Despite these challenges, Sui’s advanced Layer 1 blockchain technology and focus on scalability maintain its growth potential. Investors should closely monitor developments related to the recovery of stolen assets and future security measures. With its robust infrastructure and ecosystem support, Sui could overcome this crisis, but caution in investing is essential.