SUI (Sui) fell 11.01% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, SUI (Sui) is currently priced at $1.81, down 11.01% in the last 24 hours, reaching a high of $2.22 and a low of $1.77, with a 24-hour volume of $1.268 billion. The current market capitalization is approximately $6.669 billion, a decrease of about $825 million compared to yesterday.

Important recent news about SUI:

1️⃣ Sui ecosystem security risks are prominent The official SUI warning states that the social media accounts of the ecological project Aftermath have been compromised, urging users to suspend all interactions with the account until official control is restored. This incident highlights the challenges blockchain projects face in security management, which may negatively impact investor confidence.

2️⃣ Rapid Development of Sui Ecosystem DeFi Projects The perpetual contract DEX Astros in the Sui ecosystem achieved over $100 million in volume within just one week of the soft launch of its second phase. The platform also launched the Ores incentive program aimed at attracting more users to participate. This demonstrates the activity in the Sui ecosystem's DeFi sector, but also reflects the increasing demand for high-risk trading tools in the market.

3️⃣ SUI native stablecoin is about to be launched Sui announced that it will launch its ecosystem's native stablecoin USDsui within the year, issued by Bridge, a company under Stripe. This stablecoin will be compatible with mainstream wallets and DeFi protocols, expected to enhance the liquidity and use cases of the Sui ecosystem. This move could bring more applications and users to Sui, but the short-term impact on price still needs to be observed.

Although the Sui ecosystem shows development momentum, security incidents and market volatility may be the main reasons for the fall in SUI prices. Investors should closely monitor project progress and market risks.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.