{"id":39990,"date":"2025-05-23T11:35:03","date_gmt":"2025-05-23T11:35:03","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/23\/sui-price-prediction-2-reasons-it-could-hit-ath-after-the-cetus-hack\/"},"modified":"2025-05-23T11:35:03","modified_gmt":"2025-05-23T11:35:03","slug":"sui-price-prediction-2-reasons-it-could-hit-ath-after-the-cetus-hack","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/23\/sui-price-prediction-2-reasons-it-could-hit-ath-after-the-cetus-hack\/","title":{"rendered":"Sui price prediction: 2 reasons it could hit ATH after the Cetus hack"},"content":{"rendered":"<div><\/div>\n<p>Sui price has missed the recent crypto market surge as investors expressed concerns about a hack in its biggest decentralized exchange network. The token was trading at $3.82 on Friday, up sharply from this week\u2019s low of $3.1795. So, will the Cetus hack affect Sui\u2019s Protocol and its token?<\/p>\n<h2 class=\"wp-block-heading\">Latest Sui news: Cetus offers bounty<\/h2>\n<p>The fast-growing Sui blockchain is facing its biggest issue so far, after hackers infiltrated its biggest decentralized exchange (DEX) known as <a href=\"https:\/\/invezz.com\/news\/2025\/05\/22\/cetus-protocol-hack-triggers-widespread-panic-across-sui-ecosystem\/\">Cetus and stole funds worth $223 million<\/a>, in one of the biggest hacks of the year.<\/p>\n<p>In a statement, the company said that it had successfully paused $162 million of those funds and was working to secure the rest. The network said that it had identified the wallet addresses controlled by the hacker and was offering a whitehat settlement.<\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm WcDJEE_clZMJavnkfXYk\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"Cetus\ud83d\udc33\">Cetus\ud83d\udc33<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@CetusProtocol\">@CetusProtocol<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=CetusProtocol\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>\ud83d\udcdc Dear Sui community, thank you for your patience while our team works on the incident investigation and resolution. <\/p>\n<p>Since taking the actions indicated in our previous announcement, we have also done the following:<\/p>\n<p>1. We engaged the broader ecosystem, Sui team, and related<\/span><\/p>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"11:43 PM \u00b7 May 22, 2025\">11:43 PM \u00b7 May 22, 2025<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1925653859143172608\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 1.7K likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">1.7K<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1925653859143172608\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1925653859143172608\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 341 replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<p>Therefore, the Sui price action is a sign that investors worry that the hack could cause irreparable damage to its biggest DEX network. There are also concerns that the hack may impact its ecosystem growth.<\/p>\n<p>Read more: <a href=\"https:\/\/invezz.com\/news\/2025\/05\/22\/sui-price-drops-after-lp-provider-cetus-allegedly-hacked\/\">SUI price drops after LP provider Cetus allegedly hacked<\/a><\/p>\n<p>However, there are two main reasons why these fears are overblown. First, Sui Network itself was not hacked, meaning that its blockchain is safe. Instead, what was hacked was a protocol leveraging its technology.&nbsp;<\/p>\n<p>Second, there have been bigger hacks than in other chains in the past. For example, in 2022, hackers stole <a href=\"https:\/\/invezz.com\/news\/2022\/02\/08\/320m-wormhole-hack-ranked-as-the-fourth-largest-one-in-crypto\/\">$325 million by exploiting Wormhole<\/a>, a bridge.&nbsp;<\/p>\n<p>Hackers also stole $610 million by <a href=\"https:\/\/invezz.com\/news\/2021\/08\/11\/binance-coin-price-prediction-after-the-poly-network-hack\/\">hacking the Poly Network bridge<\/a> in 2021, $625 million by hacking the Ronin bridge in 2022, and $130 million from Cream Finance.<\/p>\n<p>There was also a Binance bridge hack that cost investors $570 million. Solana, Ethereum, and BNB Chain have continued doing well since those hacks happened.<\/p>\n<p>The challenge for Sui is that Cetus is the biggest player in its DEX platform. Data shows that it <a target=\"_blank\" href=\"https:\/\/defillama.com\/dexs\/chains\/sui\">handled $320 million<\/a> in the last 24 hours and $2 billion in the last seven days. Cetus has cumulatively processed transactions worth over $54.33 billion.&nbsp;<\/p>\n<p>Therefore, there is a likelihood that some Sui users will avoid using Cetus after the hack. This may benefit other DEX protocols in the network like Bluefin, Momentum, and DeepBook. All these protocols have expressed solidarity with Cetus and assured their users that they were safe.<\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"Turbos Finance\">Turbos Finance<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss FgA7vJPvpWgsyInO1FMI\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@Turbos_finance\">@Turbos_finance<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=Turbos_finance\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>We stand with the Sui community.<\/p>\n<p>User funds on Turbos are safe. Turbos\u2019 smart contracts are independent of Cetus and the exploit method would not have been possible on Turbos. Our team has been on call and working closely with ecosystem partners, audit firms and external<\/span><\/p>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"9:54 PM \u00b7 May 22, 2025\">9:54 PM \u00b7 May 22, 2025<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1925626231900291477\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 274 likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">274<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1925626231900291477\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/Turbos_finance\/status\/1925626231900291477\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 27 replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Sui price technical analysis<\/h2>\n<figure class=\"wp-block-image inv-component-break-container size-large\"><figcaption class=\"wp-element-caption\">Sui price chart | Source: <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/SUIUSD\/?exchange=BINANCE\">TradingView<\/a><\/figcaption><\/figure>\n<p>The daily chart shows the Sui token price has done well after bottoming at $1.7288 in April. It has rebounded and moved above the resistance level at $2.8318, the neckline of the double-bottom pattern around $2.&nbsp;<\/p>\n<p>The token has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. It has also formed a cup-and-handle pattern and is now in the process of forming the handle section.&nbsp;<\/p>\n<p>The coin also formed a long-legged doji candlestick pattern. Therefore, it will likely have a bullish breakout and possibly retest its all-time high of $5.3721. This target is about 40% above the current level.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2025\/05\/23\/sui-price-prediction-2-reasons-it-could-hit-ath-after-the-cetus-hack-2\/\">Sui price prediction: 2 reasons it could hit ATH after the Cetus hack<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sui price has missed the recent crypto market surge as investors expressed concerns about a hack in its biggest decentralized exchange network. The token was trading at $3.82 on Friday, up sharply from this week\u2019s low of $3.1795. So, will the Cetus hack affect Sui\u2019s Protocol and its token? Latest Sui news: Cetus offers bounty <\/p>\n","protected":false},"author":1,"featured_media":39991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-39990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=39990"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/39991"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=39990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=39990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=39990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}