Sui Price After Cetus Protocol Exploit: What Next in a Volatile Market?

The Sui ecosystem is grappling with the fallout of a significant hack targeting the Cetus protocol, which saw $223 million stolen in just 24 hours. The attack has caused several Sui-based tokens to plummet, with some dropping over 30 percent in the past day. Despite this setback, there is reason for optimism as validators have initiated recovery efforts and the market shows signs of positive movement. While the attack’s short-term impact on the Sui price appears substantial, analysts predict a near-future rebound towards $5 after the majority of funds are recovered.