The Cetus Protocol, considered to be the largest liquidity provider on the SUI blockchain, has recently shown a fantastic intraday jump of 27% in its native token CETUS price has showed a fantastic intrady jump of 27% and it is exchanging hands at $0.1665.
This spike was fueled by Cetus Protocol’s recent great news following last week’s over $200 million hack. Per the news, they said they are covering the stolen assets, using cash, token treasuries, and a critical loan from Sui Foundation. This optimistic news has made CETUS one of the day’s top gainers. Keep reading to know more.
On May 22, the Cetus Protocol’s price shattered more than 40% in a single candle and more than 50% in the past week, after experiencing a bold Q2 rally alongside other altcoins of the sector.
This sudden intraday crash was seen that day because of an incident of hacking on their platform. The hackers stole approximately $223 million, making the incident the second-biggest in 2025, after Q1’s Bybit hack.
The attackers exploited a vulnerability in the liquidity provider’s smart contract, as it was an open-source library. They used to SUI wallet addresses controlled by hackers, and they swapped USDT and USDC, then converted funds after bridging with the Ethereum blockchain.
After experiencing tough days, Cetus protocol took initiative today, on May 28th, and announced in a post named “A Path Forward Together”, per their official account they are willing to cover the stolen assets, with the help of Sui Foundation.
This news became the foundational strength for intraday’s rise, where the volume jumped to $217 million because of a sudden spike in social dominance, due to the positive news on platform X.
Now, if the CETUS price continues riding on this bullish momentum, then it could jump above $0.185 and hit the 200-day moving average at $0.22 in the upcoming sessions or in the month of June and continue its upward journey.
Cetus Protocol is a pioneer decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchains.
As of May 28, 2025, the CETUS token is exchanging hands around $0.1642, showing a recent intraday jump.
The founder of Cetus Protocol is Henry Du, who led the development of this liquidity protocol.
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