Oh, Sui Network! Youāve been upgraded-to chaos! Three mainnet halts in 48 hours? Thatās not a bug, itās a featureā¦ of disaster!
Sui Network, the blockchain thatās more halt than go, faced three mainnet halts between May 28 and May 30. Why? Because the v1.72 upgrade decided to throw a party-and block production wasnāt invited!
Meanwhile, SUI was trading near $0.90, proving that the only thing dropping faster than the network was the token price. Market pressure? More like market depression!
Upgrade Bug: The Gift That Keeps On Halting
The v1.72 upgrade brought a shiny new āAddress Balancesā feature. Too bad it clashed with the networkās gas charging logic like a bad blind date. The result? Block production froze faster than a Mel Brooks punchline!
The conflict appeared during an Epoch Transition, which sounds fancy but really means āthe moment everything went wrong.ā
Sui Network Down 3 Times in 48 Hours: What Really Happened? Well, itās simple-they upgraded to the halt package. @SuiNetwork, youāve outdone yourselvesā¦ in failure!
– Crypto Patel (@CryptoPatel) May 31, 2026
Good news: No user funds were lost. Bad news: The networkās reputation took a hit harder than a pie to the face in a Brooks comedy. Validators patched things up by May 30, but the damage was done.
This was Suiās second major outage of 2026. Both were caused by upgrade bugs. Moral of the story? Maybe stop upgrading and start downgrading to stability!
SUI Price: Falling Faster Than A Brooks Gag
SUI price took a nosedive after the halts, breaking below $0.89. Thatās not just a dip-itās a cannonball into the pool of despair. Traders faced $2 million in liquidations, proving that crypto is a comedy of errors.
On the SUI/USDT daily chart, the token traded near $0.9025, down 0.65%. The price stayed below the $1.1381 Fibonacci level, which is just a fancy way of saying āitās not looking good.ā
Read Also:
Sui Network: The Halting Dead š§āāļøšø
Technical Chart: Bearish And Loving It
The SUI price structure is bearish-like, grizzly bear in a china shop bearish. It fell from $4.08 and failed to reclaim major resistance zones. A bounce toward $1.10-$1.25? Rejected faster than a bad pickup line.
Support sits between $0.85 and $0.90. If that breaks, $0.75-$0.80 is next. Resistance at $1.00 and $1.1381? Good luck with that!
Higher resistance levels ($1.7674, $2.2614, $2.6084) might as well be on Mars. The MACD is below zero, the histogram is negative, and buyers are MIA. Itās a ghost town out there!
The RSI is at 36.63-weak demand, but not oversold. Just like Sui Network: not dead, but not exactly thriving either.
The network recovered quickly, but repeated downtime has the market watching like a hawk. Next focus? Stability. Traders are hoping SUI can reclaim $1.00 and $1.1381. But letās be real-itās a long shot!
Read More
- Off Campus Season 1 Soundtrack Guide
- Chainsaw Man Volume 24ās Cover Art Reveals a Brand-New Denji
- X-Men ā97 Finally Gave Gambit the Hero Moment He Deserved
- 46 Years Later, The Mandalorian & Grogu Answers A Major Empire Strikes Back Question
- HoI4 fans harsh reactions to the announcement of another DLC pack
- 10 Worst End-Game Couples In Sitcom History
- Katanireās Yae Miko Cosplay: Genshin Impact Masterpiece
- DoorDash responds after customer uses AI to make food look bad and get a refund
- Gold Rate Forecast
- Emily Henry Says to āTrust the Visionā For Beach Read Adaptation
2026-05-31 15:54