According to Cas Abbé on Twitter, the CETUS Protocol hack has been officially confirmed with nearly $220 million in funds compromised. So far, $160 million has been successfully frozen, while the CETUS team is collaborating with SUI Foundation, Binance, and other partners to recover the remaining $60 million from the hackers (source: Cas Abbé, Twitter, May 22, 2025). In response, the $CETUS token has dropped over 15% in value. This significant breach highlights the ongoing risks in DeFi protocols and underscores the importance of robust security measures for crypto traders and investors. The incident has triggered heightened volatility and may impact sentiment across decentralized finance and SUI ecosystem-related tokens.

According to EricCryptoman, the Pump Fun of $SUI, supported by the Sui Foundation, is now live and features a significant mechanism where 50% of platform fees are allocated to buying back and burning the $HIPPO token (source: EricCryptoman on Twitter, May 20, 2025). This initiative is designed to reduce circulating supply, creating a potential supply shock that traders should closely monitor. The aggressive buyback and burn model could lead to increased volatility and upward price pressure on $HIPPO, making this a crucial development for crypto market participants interested in high-momentum DeFi tokens.