Summary
- Sui (SUI) has successfully rebounded after a hack, reclaiming the 11th spot in market cap.
- On the 28th, Sui rose 7.85% to $3.72 according to CoinMarketCap.
- Expectations for a spot exchange-traded fund (ETF) launch and the announcement of compensation plans for the hack were cited as reasons for the price increase.
Sui (SUI), which saw its token price plummet after a hack on a key decentralized exchange (DEX) within its ecosystem, has successfully rebounded.
As of 2:56 PM (KST) on the 28th, Sui is trading at $3.72, up 7.85% from the previous day according to CoinMarketCap.
With this upward trend, Sui has secured a market capitalization of $124.3 billion, reclaiming the 11th spot in market cap by surpassing HyperLiquid (HYPE).
Factors contributing to Sui's price surge include expectations for the launch of a Sui spot exchange-traded fund (ETF) and the announcement of compensation plans for the Citus hack.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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