CETUS token spikes 25% amid plans to fully recover hacked funds
Cetus (CETUS) token is up 25% as price jumps on positive news. The Cetus Protocol team has announced a potential 100% recovery for victims of the recent hack. Bulls could break above $0.18 to target recent highs of $0.25. Cetus Protocol (CETUS) is among altcoins to post double-digit gains over the past 24 hours, gaining […] The post CETUS token spikes 25% amid plans to fully recover hacked funds appeared first on CoinJournal.
- Cetus (CETUS) token is up 25% as price jumps on positive news.
- The Cetus Protocol team has announced a potential 100% recovery for victims of the recent hack.
- Bulls could break above $0.18 to target recent highs of $0.25.
Cetus Protocol (CETUS) is among altcoins to post double-digit gains over the past 24 hours, gaining by over 25% as Cetus announces potential 100% recovery for victims of the protocol’s May 22, 2025 hack.
The CETUS token traded to highs of $0.17 in early trading on May 28, 2025, rising sharply from around $0.13 amid Cetus Protocol and Sui Foundation’s announcement.
As the decentralised exchange and liquidity protocol’s token surged, daily volume shot to $188 million, up more than 178% in the past 24 hours. Cetus saw its market cap rise to $113 million.
Sui supports plan to reimburse users affected by Cetus hack
Cetus Protocol’s native token surged on Wednesday as the project’s team and Sui Foundation announced support for plans to recover frozen funds.
Main agenda of this development is the initiating of a recovery plan that could see users impacted by the $223 million Cetus hack on May 22, 2025.
This follows a proposal for a community vote to have over $160 million in frozen hack funds and $60 in stolen funds recovered.
Cetus also looks to tap into a loan from Sui Foundation to refund users who lost assets as a result of the security breach.
“We have great news,” Cetus posted on X. “Using our cash and token treasuries, we are now in a position to fully cover the stolen assets currently off-chain if the locked funds are recovered through the upcoming community vote. This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible.”
The Sui community has to support the proposal, but Cetus noted that recovery for its users will commence immediately after the vote – regardless of the outcome.
Cetus has requested a community driven vote to recover the funds frozen following last week’s hack.
In response, the Sui Foundation has released code for an onchain community vote. Sui validators can cast votes, and Sui holders can also vote directly through stake delegation.… https://t.co/pVLTItN0MH
— Sui (@SuiNetwork) May 27, 2025
Cetus token is benefitting from this developments, with the recovery plan adding to optimism following Sui Foundation’s announcement of a $10 million security initiative.
What next for CETUS price?
Sentiment remains slightly bearish as CETUS trades over 68% down from its all-time high of $0.49 reached in November 2024. CETUS traded higher amid Binance listing news.
The hack incident has however contributed to the downside in 2025.
The token’s price down 24% in the past week. However, with SUI price also showing signs of a strong bounce, CETUS is likely gearing up for a retest of $0.20 and early May highs of $0.25.
Bulls can strengthen after the consolidation below $0.14, with reimbursement – if it happens swiftly – set to add to current buying pressure. The spike to $0.17 has allowed buyers to flip $0.15 to support.
As shown on Coinglass, volume and open interest also support this outlook.
Cetus’ derivatives volume is up 206% to over $587 million, while OI has increased 43% to nearly $56 million.
On the charts, the technical picture points to potential upside continuation with the Relative Strength Index at 44%.
The Moving Average Convergence Divergence indicator signals a bullish crossover.
Cetus price therefore has its main resistance at $0.18 and primary support at $0.13.
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