Sui Ecosystem Enters Recovery Phase… SuiLand and Hippo Show Strength During the Day

Uk Jin

Summary

Tokens in the Sui (SUI) ecosystem are showing signs of recovery in investor sentiment after a hacking incident.
SuiLand (SEND) rose by 21.83%, and Hippo (HIPPO) and Blue (BLUE) also showed strength with respective increases.
Sui announced an additional $10 million investment to enhance ecosystem security, drawing attention from investors.

Tokens in the Sui (SUI) ecosystem, which suffered a significant decline in investor sentiment due to a hacking incident, are showing signs of recovery.

As of 12:38 PM (KST) on the 27th, according to the cryptocurrency market data provider CoinMarketCap, SuiLand (SEND) is trading at $0.8318, up 21.83% from the previous day. At the same time, Hippo (HIPPO) and Blue (BLUE) also rose by 11% and 8.27%, respectively.

These are all representative projects of the Sui ecosystem.

However, Sui itself seems to have failed to rebound. At the same time, Sui is trading at $3.47, up 3.79% from the previous day.

Previously, the Sui ecosystem experienced an overall downturn after the Sui-based decentralized exchange (DEX) Cetus was hacked, resulting in a $260 million loss.

Earlier this morning, Sui announced that it plans to "announce several measures to enhance ecosystem security" and "will invest an additional $10 million to strengthen security," which is analyzed to have restored some investor sentiment towards ecosystem tokens.