Cetus Protocol's CETUS token price surged 27% after announcing plans to cover $223M stolen in a recent hack with support from Sui Foundation.
Positive recovery news led to an increase in CETUS trading volume to $217M, with the potential for the price to reach $0.22 as bullish momentum continues.
The recent hack resulted in a significant price crash, but Cetus Protocol's initiative to cover stolen assets with Sui Foundation support boosted the price and volume.
The CETUS price may continue to rise, potentially reaching above $0.185 and hitting the 200-day moving average at $0.22 in June, following the positive recovery announcement.