According to @EmberCN, following the CETUS DEX hack on the SUI blockchain, SUI token experienced a minor price drop. Notably, prominent trader James Wynn responded by opening a 10x leveraged long position with 3.3 million SUI, totaling $13.22 million at an entry price of $4.01. This aggressive move suggests high confidence in SUI's short-term recovery despite recent security concerns. Traders should closely monitor SUI price action and on-chain activity for any volatility stemming from the hack and large leveraged positions. (Source: @EmberCN via Twitter)

According to KookCapitalLLC, a concerning incident has emerged where an employee of a blockchain project allegedly launched a rug pull using the chain's intellectual property, developed a full stack for just $600, and subsequently boasted about the exploit while later portraying themselves as a victim. This event signals significant security and governance risks within blockchain projects, especially when insiders misuse proprietary assets, potentially undermining investor confidence and affecting the broader crypto market's sentiment, as cited by KookCapitalLLC on Twitter (May 18, 2025). Crypto traders should monitor this development closely, as it highlights the need for stricter internal controls and transparency to avoid similar reputational and market risks.