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As of press time, SUI was trading near $3.8. Meanwhile, numerous liquidity pool tokens on Cetus experienced severe drawdowns, with some plunging by as much as 80% amid the widespread liquidity exodus.
The exchange is partnering with Backed—a firm specializing in blockchain-based financial assets — to offer more than 50 U.S. stocks and ETFs as tokens on the Solana blockchain, the release said.