Sui Network has resumed operations after a technical disruption left the blockchain offline for nearly six hours on Thursday.
The Layer 1 blockchain project stated that the outage was caused by a bug linked to its recently launched version 1.72 update, specifically affecting the network’s gas charging mechanism.
Recurring Stability Concerns
In a post shared on X, the Sui team confirmed that activity on the mainnet had been restored and said a full incident report would be published in the coming days.
Earlier during the disruption, the project warned users that the network had stalled and that transactions were temporarily paused while engineers worked on a fix.
According to Sui’s official status page, the outage lasted approximately 5 hours and 55 minutes.
Although the blockchain is now operational again, validators on the Sui mainnet are still reportedly functioning under degraded performance conditions.
This marks the second major outage for Sui within five months. In January, the network experienced another downtime event that lasted more than six hours.
An earlier disruption also occurred in November 2024, when a bug related to transaction scheduling logic caused validator failures and halted transaction processing across the blockchain.
SUI Token Reaction and Market Performance
Sui’s native token, SUI, briefly declined from $0.95 to $0.89 during Thursday’s outage before recovering shortly afterward.
The token has since stabilized and is currently trading near $0.925. Over the past 24 hours, SUI has posted gains of roughly 1.5%.
Earlier this month, the token experienced a strong rally and climbed close to $1.40 in mid May, marking its highest level since January.
The rally was partly fueled by Sui Group Holdings staking 108.7 million SUI tokens, effectively removing nearly 3% of the circulating supply from the market.
Additional bullish momentum came from optimism surrounding the planned launch of CME Group SUI futures as well as Sui’s partnership with African payments company Paga.
Despite the recent rebound, SUI remains down nearly 17% over the past week as broader weakness continues across the cryptocurrency market.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
