Sui price down 14% in a week as ETF uncertainty and macro risks hurt sentiment

Suis has undergone an extended bearish pressure after the dry decided to extend its decision on its ETF.

Sui (Sui) fell 4% on Thursday, aggravating its previous losses this week at 14%. Despite some recovery this week, the token is always under pressure while the weak feeling afflicts all its ecosystem.

The most recent blow for sui came in the form of an unfavorable decision of the American Commission for Securities and Exchange. On June 4, the Dry delayed His decision on the capital’s capital and capital spot, triggering a renewed uncertainty.

This brought back to his weekly hollows, at $ 3.06, which he saw during the flash accident on May 30. At the time. At the time, Suis was Down 20% In 24 hours, because an unprecedented sales volume canceled its brief rally greater than $ 4.

The hacking of the Cetus protocol still weighs on supice

The $ 4 rally was canceled due to the persistent negative feeling of Cetus protocol hack. On May 22, the basic protocol based on Sui was operated for around $ 223 million. The hack had a significant effect on the SUP token, due to its central role in its ecosystem.

The Cetus protocol allowed tokens swaps and yield agriculture to 62,000 active users. At the same time, the protocol generated more than $ 7.15 million in daily negotiation costs. However, the team’s reaction to the hack had even greater negative effects.

In response to hacking, the Validators suis agreed to freeze pirate wallets. However, although this reaction has helped to alleviate the effects of piracy on users, it has also caused significant concerns. In particular, the traders began to wonder if sui is really decentralized.

The rest of the rest of the cryptography market, which was under pressure last week. The main tokens, such as Solana, Dogecoin, Cardano and Shiba Inu, have also experienced two -digit losses in the last seven days.