Whale Investor Opens Large SUI Position Following Cetus DEX Hack

According to Odaily, on-chain analyst Yu Jin reported that after a hacker attack on Cetus DEX led to a slight drop in SUI prices, a major investor known as James Wynn established a significant long position in SUI. Utilizing a 10x leverage, Wynn opened a position of 3.3 million SUI tokens, valued at approximately $13.22 million, with an average entry price of $4.01 per token.