SUI Price Crashes 10% As Blockchain Goes Dark, Halting Block Production

The Sui network has ceased block production for over two hours, leading to a sharp decline in the token’s price. Data from suivision and suiscan indicate that block generation stopped at 09:15 UTC today, and the network has yet to resume normal operations. This marks the first major outage for the project, a blockchain praised as “Solana killer.” SUI Price Crashes Following Network Outage Members of the community have suggested that issues with validators might be the cause of the disruption. Validators, critical for processing transactions and maintaining the blockchain’s integrity, appear to be experiencing problems. The official status page, status.sui.io, acknowledges the issue, stating that they are “continuing to investigate” and confirming that “validators are down.” Despite these updates, the development team has not released an official statement detailing the root cause or providing a timeline for resolution. Related Reading: SUI Price Stability At $3.5 Signals Room For More Growth, $4 Mark Imminent? Blockchain security firm PeckShieldAlert confirmed the disruption, noting that the “Sui blockchain network appears to be experiencing delays, with reports indicating that th ..

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