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Sui Achieves Record $14.8B DEX Volume Despite Security Breach
Sui reports a record-breaking $14.8 billion in monthly decentralized exchange (DEX) trading volume, even in the wake of a $223 million exploit on Cetus. The price of Sui holds steady around $3.69, although it has experienced a 45.21% decline over the past week, particularly facing resistance at key levels. Meanwhile, the Total Value Locked (TVL) has increased to $2.406 billion, reflecting ongoing investor interest despite recent security incidents.
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AI Analysis
Despite the recent Cetus exploit that resulted in a $223 million loss, Sui's decentralized finance ecosystem continues to demonstrate robust activity, with record monthly DEX volumes reaching $14.8 bi...
AI Recommendation
Given the significant trading activity and rising TVL amid price challenges, it is advisable to maintain a cautious stance. Investors should watch closely for a breakout above the resistance zone arou...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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