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SUI Slides as $116M DeFi Exploit Rattles Crypto Markets
Yahoo Financeยท 2025-11-04 15:18
SUI, the native token of the Sui blockchain, fell Tuesday after breaching critical support levels and triggering a wave of technical selling. The token dropped 9.2% to as low as $2.02 as trading volume spiked and recovery attempts repeatedly failed. The sell-off followed Monday's news of a $116 million exploit involving decentralized finance (DeFi) protocol Balancer, which has rattled sentiment across the industry. As security concerns mounted, investors appeared to unwind exposure to riskier layer-1 tok ...