Whale Invests in SUI Following Cetus DEX Hack

A major investor, identified as James Wynn, took a substantial long position in the SUI token following a significant attack on the Cetus Decentralized Exchange (DEX). According to analyst Yu Jin, as prices dropped after the Cetus hack, Wynn opened a leveraged position of approximately $13.22 million in 3.3 million SUI tokens, averaging an entry price of $4.01 per token. This investment was executed utilizing a leverage multiplier of 10x.