When Sui Meets Cetus: A Financial Comedy of Errors! 😂💸

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Ah, the Sui (SUI) ecosystem, a veritable soap opera of digital finance, has recently found itself beset by the most unfortunate of calamities, courtesy of the Cetus Protocol (CETUS) hack. While the valiant Sui validators valiantly halted the majority of the pilfered funds from being whisked away to distant chains, the network has been subjected to a chorus of criticism for its rather centralized governance. Who knew that decentralization could be so… centralized? 🤔

In a rather noble attempt to restore faith and transparency, the Sui network has decided to hold an on-chain vote, inviting both users and validators to partake in this democratic charade. In the coming week, the community will cast their votes on whether to embark on a network upgrade to reclaim the $162 million that the dastardly hacker has frozen on-chain. A thrilling game of financial chess, indeed! ♟️

Meanwhile, in a plot twist worthy of a Victorian novel, the Cetus Protocol has announced that the Sui Foundation has graciously offered a loan to cover the remaining $60 million. Thus, all affected users can rest easy, knowing they will be made whole again—at least until the next calamity strikes! 😅

Sui Price Signals Short-term Rebound

In the wake of this announcement, the SUI price has gallantly surged over 5 percent in the past 24 hours, trading at a princely $3.68 on this fine Tuesday, during the late North American trading session. The news has also cast a favorable light on the Cetus Protocol, with the CETUS price rallying over 17 percent to a delightful $0.1527 at the time of this writing. Who says financial markets lack excitement? 🎉


From a technical analysis perspective—because who doesn’t love a good chart?—the SUI price has been preparing for a bullish continuation over the past three weeks. This large-cap altcoin, boasting a fully diluted valuation of approximately $36.8 billion and a 24-hour average trading volume of around $1.3 billion, has established a macro-rising trend since late 2023. Quite the overachiever, wouldn’t you say? 📈

In the daily timeframe, SUI price has been consolidating within a falling symmetrical channel, which, if we’re lucky, may turn out to be a bullish continuation pattern. Following today’s spirited rebound from the lower border of this channel, the Sui price is poised to rally towards a new all-time high in the near future. Or at least, that’s the hope—because in the world of crypto, hope springs eternal! 🌟

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2025-05-28 01:39