How High Will SUI Trade In February 2025?
The cryptocurrency industry had a rather slow weekend with most assets losing rather than pocketing gains. Prominent cryptocurrency SUI was one among them. The altcoin recorded a 22% drop in its price throughout the past week. Amidst this, news of a significant amount of SUI being stolen from an investor’s wallet began surfacing. While the number of bearishness fueled the ecosystem, the asset could witness a change during the second month of the year.
SUI’s Downtrend
Over the past 24 hours, SUI recorded a massive drop of 13%. The asset was trading at a high of $4.16 earlier today and slid to a low of $3.54 in no time. At the time of writing, the altcoin was priced at $3.61. Amidst this, the volume of the network was witnessing a massive uptick of 181%. Currently, the trading volume of SUI stands at $1.71 billion.
According to reports, hackers took SUI tokens valued at $29 million from a victim’s wallet. Using a bridge, the stolen tokens were transferred to the Ethereum network. The hackers also used Tornado Cash, a site that is known to cover transaction information. Despite taking place in December, the attack was only revealed to the public on January 26.
February Price Prediction
SUI hit an all-time high of $5.35 earlier this month. The asset has dropped by 32% ever since. Despite its current price conditions, the prediction for SUI remains quite bullish. According to data from CoinCodex, the asset has the potential to surge by a staggering 484% during February 2025. The maximum price that the altcoin will trade at in the second month of the year is $21.28. This highlights the massive growth that SUI will record in a short period of time.
