Bitcoin (BTC) is holding near the $108,000 mark today, with the wider digital asset market mostly quiet and showing little volatility. Still, a handful of altcoins are bucking the trend, making significant moves and grabbing investor attention. Here’s a look at what’s driving price action for CETUS, INJ, ENS, VIRTUAL, and SPX. CETUS Soars 21% on User Reimbursement News Post-Exploit Cetus Protocol (CETUS) shares soared 21% today, largely fueled by a major trust-restoring announcement from the project. The DeFi protocol, built on the Sui (SUI) blockchain, revealed details of a full reimbursement plan for users impacted by the recent exploit. This news triggered a dramatic 176% spike in CETUS trading volume as investors clearly welcomed the platform’s transparent and proactive measures. 📢 New Progress Update – A Path Forward Together!Since the incident, we have reflected deeply on the incident and its impact on our users, partners, and the broader ecosystem. We are deeply sorry and take this responsibility seriously. Today, we want to share a meaningful step… — Cetus🐳 (@CetusProtocol) May 27, 2025 Cetus confirmed that it will cover all stolen assets using its treasury and a critical loan from the Sui Foundation. While full recovery hinges on an upcoming community vote, the team assured users that reimbursements will begin regardless of the outcome. Related: Cetus Hack Aftermath: Sui Community Debates Frozen Funds Return, Weighs User Protection INJ Up >4% as Injective Network Hits 2B Transactions Injective (INJ) continued its upward trajectory, climbing more than 4% as the network celebrated a significant milestone: surpassing 2 billion on-chain transactions. This achievement highlights the growing adoption and use of Injective’s infrastructure, particularly in burgeoning areas like DeFi, RWA tokenization, and advanced trading functionalities, signaling robust underlying activity. Injective just reached 2 Billion onchain transactions!Zero halts. Zero errors. Lightning fast speeds.This monumental milestone makes Injective one of the most actively used chains in the history of crypto.It’s time to accelerate with $INJ 🥷 pic.twitter.com/buBPnuOXnf — Injective 🥷 (@injective) May 26, 2025 Related: Crypto Price Today: BTC, ETH, SOL, and TAO Rally After Weekend Dip ENS Forms Bullish Pennant, Eyes $28.79 Breakout Target While Ethereum Name Service (ENS) showed only a mild gain in price today, its technical chart holds strong promise for traders. A bullish pennant pattern has formed on the 4-hour chart, signaling a potential breakout. Traders are eyeing an entry at $22.52, setting a stop-loss at $21.44, and targeting a breakout toward $28.79. Source: X VIRTUAL Jumps 12%; RSI High, MACD Stays Bullish Virtuals Protocol (VIRTUAL) saw its price jump 12% today, pushing it above both its 20-day EMA (around $1.90) and its 50-day EMA (approximately $1.60). With the RSI reading 71.68, the asset is on the edge of overbought territory, reflecting strong buyer interest but also potential caution ahead. Source: TradingView The MACD indicator on the daily chart recently turned bullish as the signal line (orange) remains below the MACD line (blue). The histogram is also green but the intensity is declining. SPX Token Surges 17% Towards $1 on High Volume Whether driven by meme energy or broader speculation, SPX6900 (SPX) is definitely turning heads as it inches closer to the critical $1 mark. The token jumped over 17% in the past 24 hours, backed by a 136% spike in trading volume–a clear sign of increasing retail speculation. Source: TradingView The RSI on the daily chart above reads a value above 69 which means that the bulls are overall in control. The gradient of the line suggests further upside before the rally hits overbought levels and price action cools down. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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