Sui on May 25, 2025, is bearish post a $260M Cetus hack, but network recovery shows signs of hope.
On May 25, 2025, Sui (SUI), a Layer 1 blockchain focused on DeFi, is trading around $3.81, showing bearish signals following a massive $260 million hack of the Cetus decentralized exchange. The hack, which occurred on May 22 due to flaws in Cetus’s smart contracts, shook investor confidence and led to a decline in Sui ecosystem token prices. However, swift recovery efforts, with $162 million of stolen funds frozen by network validators, have sparked some hope for improvement. Sui, with over 306 million user accounts and a 528% surge in daily active addresses to 469,477, remains a leading DeFi blockchain. The total value locked (TVL) in Sui’s DeFi protocols has reached $6.5 billion, reflecting the network’s strong potential. Technically, Sui has bounced back to a key support level at $3.75 post-hack and is consolidating. Holding this level could see prices climb to $4.50 or even $6.00 if bullish momentum returns. However, the RSI at around 48 indicates a lack of strong momentum. A break below $3.75 could push the price toward $3.20 or lower. Whale activity is notable. The transfer of 99.4 million SUI to exchanges last week raised concerns about a potential sell-off, but some analysts suggest this may be for strategic liquidity. Additionally, Sui’s recent integration with BitVM and the launch of Peg-BTC (YBTC) to expand Bitcoin DeFi capabilities could attract new investors. Macroeconomic factors are also significant. Easing U.S.-China trade tensions and 2.3% inflation, lower than expected, have created a favorable environment for risk assets. However, regulatory uncertainties around crypto ETFs and the hack’s fallout could hinder growth. Rumors of new fintech partnerships may boost demand. Investors should remain cautious. The Cetus hack and crypto market volatility pose high short-term risks. For long-term investors, Sui’s robust technology and DeFi growth are appealing, but restoring trust and price stabilization will be critical in the short term.
Market Sentiment
The article predicts a short-term bearish trend for Sui, but network recovery efforts may support growth.
Key Points:
- Sui price analysis
- Cetus DEX hack
- Network recovery