According to Ai 姨 (@ai_9684xtpa), James Wynn's 10x leveraged long position on SUI has incurred an unrealized loss of $700,000 due to the continued decline in SUI price. Wynn recently added another $4 million to his position within the past 20 minutes, bringing his total SUI holdings to 4,853,135.59 SUI (approximately $18.58 million) at an average entry price of $3.97064. This is currently his only losing position on Hyperliquid. For traders, this highlights the increased risk of leveraged trades during downtrends and suggests heightened volatility in the SUI market that could impact wider crypto sentiment and short-term price action. (Source: @ai_9684xtpa on Twitter, May 22, 2025)

According to Milk Road (@MilkRoadDaily), Cetus, a major decentralized exchange (DEX) on the Sui blockchain, suffered a significant exploit resulting in over $11 million drained from the SUI/USDC liquidity pool. This breach has triggered a rapid sell-off, with most SUI-based tokens plummeting 75% to 80% in value within hours of the incident. The security breach has led to heightened volatility and eroded trader confidence in the Sui ecosystem, causing SUI trading volumes to spike and liquidity to thin across multiple exchanges. Traders are advised to monitor SUI and related tokens closely, as further downside and contagion risks may impact broader DeFi and altcoin markets. Source: https://twitter.com/MilkRoadDaily/status/1925520489159827816