Sui (SUI) Price Prediction: Market Analysts Are Predicting a Significant Price Increase

Despite the significant losses, the Cetus team managed to freeze most of the stolen funds, and market analysts are now predicting a significant price increase for SUI

In the dynamic realm of digital finance, the Sui (SUI) cryptocurrency has come into sharp focus following a substantial hacking incident at the leading DEX, Cetus.

Despite the significant losses, the Cetus team succeeded in freezing the majority of the stolen funds, and market analysts are now anticipating a notable price surge for SUI in the months to come.

Hacking Incidents and Subsequent Fund Recovery

DEX Cetus announced the freezing of $162 million out of the total $220 million stolen by hackers in an incident that unfolded on Thursday. The frozen funds remain in the form of SUI, whereas the remaining $60 million in Ethereum (ETH) has fallen outside the ecosystem.

“We are pleased to announce that, together with the SUI Foundation and other members of the SUI ecosystem, we have managed to freeze the vast majority of the stolen SUI and SUI liquidity pool tokens,” the Cetus team stated.

The Cetus team, along with the SUI Foundation and various other entities, are diligently working to recover all the lost funds. On May 24, SUI provided an update via the X platform, detailing the process of freezing funds to mitigate concerns about concentrating node power.

As many as one-third of SUI validators chose to disregard transactions originating from suspect addresses, which ultimately aided in freezing the funds.

Moreover, the Cetus team offered a “white hat” bounty of $6 million to the hackers if they returned 20,920 ETH, promising no further legal action if the hackers refrained from moving or mixing the stolen funds.

Elliott Wave Analysis and SUI Price Projections

According to analyst Michael_EWpro, SUI appears to be unfolding according to the classic Elliott Wave cycle, which comprises five impulsive waves (1-2-3-4-5) that align with the broader trend, followed by three corrective waves (A-B-C).

SUI has completed waves (1) to (3) and is nearing the completion of wave (4) correction with a potential support zone emerging between $1.50-$1.80.

If this correction holds, it could serve as the foundation for a robust fifth wave extension, with Fibonacci projections indicating key resistance at $13.00-$20.00.

The ongoing correction also forms an ABC structure, converging on a projected retracement towards the $2.00-$2.40 range, aligning with the lower trendline of the broad ascending channel. This zone also coincides with the peak of the previous Wave (1), providing strong historical support and acting as a key accumulation level ahead of the next upward leg.

If the correction completes as anticipated, the subsequent bullish impulsive wave (5) could target the Fibonacci extension between 1,618 and 2,618, placing the price projection in the range of $13 and $20.

In summary, while the $220 million Cetus hack is the largest DeFi hack of 2025, it falls short of the $1.4 billion centralized exchange hack that occurred on the Bybit exchange.

However, SUI price has realized an intraday gain of 3.91% and boasts a bullish outlook from market analyst Michael_EWpro, who provided an optimistic SUI price prediction with a target of $20.