$SUI Go short immediately!

The latest supply chain attack "TrapDoor" disclosed by SlowMist has injected over 34 malicious packages into the three major repositories npm, PyPI, and crates, specifically targeting Sui/Move developers, potentially stealing wallet private keys, SSH keys, and cloud credentials. This systemic infiltration of the underlying development environment directly undermines the technical trust foundation of the Sui ecosystem. I’ve fully committed $300k in short positions!

1. TrapDoor precisely targets developers’ critical points: attackers use malicious build scripts to steal local key stores during compilation and deceive users with fake technical documentation. All 6 malicious packages on Crates are aimed at Sui/Move developers. Previously, the Sui ecosystem experienced a series of security incidents, including the Cetus $230 million vulnerability and the Aftermath Finance $1.14 million attack. Now even the development environment is contaminated, and more explosions are likely to follow.

2. The “favorite son” SUI Group has already run away in advance: Nasdaq-listed SUI Group, unable to withstand successive hacker attacks on DeFi protocols, has proactively withdrawn all DeFi assets and cut its 2026 revenue forecast from double digits to 3%-4%, recognizing a $71 million non-cash loss in Q1. Even the most steadfast bulls are retreating, and the market support is crumbling.

3. Monthly token unlocks of tens of millions continue to exert pressure: SUI unlocks 42 to 53 million tokens each month, with 53.4 million (about $47.5 million) unlocked on April 1 alone. New tokens keep flooding in, and the TrapDoor incident has severely damaged developer confidence, causing buy-side support to rapidly shrink.

$300k short locked in, waiting for the trust chain of the ecosystem to break, crushing all bulls chasing high-tech narratives!