Crypto Market Summary – May 22, 2025

Daily Overview

The crypto market showed strong bullish momentum today, with a global market cap of $3.49T, up +1.31% from yesterday.
Trading volume surged to $185.76B, a significant +57.23% increase, reflecting heightened investor activity amid positive macro sentiment.
Key assets led the rally, supported by optimism around digital asset adoption and innovation.

Sui (SUI): $3.828, down -2.27%. Despite a slight dip, Sui remains in focus for its high transaction speed and user-friendly features like zero-knowledge logins.
Cetus Protocol (CETUS): $0.159, plummeting -23.52%. Reports of a hack on the Sui-based DEX have shaken investor confidence, with significant losses noted.
LOFI (LOFI): $0.057, down -16.13%. Negative sentiment appears to be dragging this token lower, with little positive discussion.
Hyperliquid (HYPE): $30.818, soaring +16.72%. Buzz around Hyperliquid potentially overtaking competitors like Sui is driving strong gains.
Cookie DAO (COOKIE): $0.265, spiking +34.31%. As a top gainer, it’s gaining traction with mentions of new project launches tied to the token.

Major Narratives: Discussions on X highlight user experience innovations like zkLogin for mass onboarding and the rise of DePIN and Real-World Assets as future catalysts for growth.
Breaking News: A hack on Cetus Protocol on the Sui network is dominating headlines, with reports of an 80% drop in related tokens and significant impact on Sui’s price.
Trending Topics: Hyperliquid is frequently mentioned as a potential market leader, while Cookie DAO gains attention for new developments. Bitcoin’s new all-time high and partnerships like FIFA with Avalanche are also hot topics on X.