SUI Price Under Pressure: Qubetics Emerges as a Contender Amidst Uncertainty

SUI’s price has been significantly impacted by recent events and uncertainty within the market. A $223 million exploit on the Cetus Protocol, along with an upcoming unlock of $206 million worth of tokens, has caused concern for investors. Despite these setbacks, the future of SUI is not entirely bleak. Some analysts remain optimistic, citing the SUI’s expanding ecosystem, potential for deeper Bitcoin DeFi integrations, and growing institutional interest as long-term catalysts. However, short-term risks such as decentralization debates, technical volatility, and token dilution continue to weigh down the project’s prospects.