Cetus Protocol (CETUS) was among the altcoins that posted double-digit gains in the last 24 hours, rising more than 25% after the project announced a potential full compensation plan for victims of the protocol hack on May 22, 2025.
In early trading on May 28, 2025, the CETUS token rallied to an intraday high near $0.17, up from roughly $0.13 following announcements from the Cetus Protocol team and the Sui Foundation.
As the decentralized exchange and liquidity protocol’s token spiked, daily trading volume jumped to $188 million, a rise of more than 178% over the previous 24 hours. Cetus’ market capitalization increased to approximately $113 million.
Sui backs plan to compensate users affected by the Cetus hack
The native token of Cetus Protocol surged Wednesday after the project team and the Sui Foundation announced support for plans to reclaim frozen funds tied to the exploit.
The core goal is to launch a recovery process for users impacted by the $223 million Cetus hack on May 22, 2025.
The proposal calls for a community vote to recover over $160 million in frozen funds as well as roughly $60 million in stolen assets.
Cetus is also seeking a loan from the Sui Foundation to reimburse users who lost assets in the breach.
“We have great news,” Cetus posted on X. “With our cash and token treasuries, we are now positioned to fully cover the stolen assets currently off-chain if the frozen funds are restored through the upcoming community vote. This includes a critical loan from the Sui Foundation that enables a 100% recovery for all affected users.”
The Sui community must approve the proposal, but Cetus indicated that recovery efforts for its users will begin immediately after the vote — regardless of the outcome.
Cetus has requested a community driven vote to recover the funds frozen following last week’s hack.
In response, the Sui Foundation has released code for an onchain community vote. Sui validators can cast votes, and Sui holders can also vote directly through stake delegation.… https://t.co/pVLTItN0MH
— Sui (@SuiNetwork) May 27, 2025
The token’s gains were further supported by the Sui Foundation announcing a $10 million security initiative, which boosted optimism around the recovery plan.
What’s next for the CETUS price?
Market sentiment remains cautiously optimistic even though CETUS trades about 68% below its all-time high of $0.49 reached in November 2024. Interest rose amid reports of potential listings, including news covering Binance.
However, the hack contributed to downward pressure across 2025, and the token fell roughly 24% in the past week. With SUI showing signs of renewed strength, CETUS appears positioned to attempt a retest of $0.20 and possibly reach $0.25 in the near term.
Bullish momentum could intensify after consolidation above $0.14, and a swift reimbursement process would likely increase buying pressure. The recent move to $0.17 helped buyers establish $0.15 as support.
Volume and open interest data also support this view. Derivatives volume for Cetus rose about 206% to over $587 million, while open interest climbed approximately 43% to nearly $56 million.
On the charts, technical indicators point to a potential continuation of upward momentum. The Relative Strength Index sits near 44%, and the Moving Average Convergence Divergence (MACD) is signaling a bullish crossover.
Key technical levels to watch: primary resistance near $0.18 and primary support around $0.13.