- The Sui price has seen a significant market crash following the network outage.
- The network has been facing technical issues for the past two days.
- The current accumulation zone may possibly push the price up.
The Sui Network has been hit by another outage today, May 29, 2026. This technical error has created pressure on the price of the SUI token. Notably, the official X account of the Sui Network has warned users about a temporary pause in network activity. As the outage is linked to the mainnet settlement issues, the platform reported disruption in the production of new blocks. Although the team is working to solve the issue, the SUI crypto has seen increased selling pressure, impacting its price.
Sui Price Faces Fresh Pressure Amid Network Outage
On May 28, 2026, the team took to X to announce the first mainnet outage. The platform wrote,
“Sui Mainnet is currently experiencing a network stall. The Sui Core team is actively working on a solution. Be aware that transactions may be paused at this time. Updates will be shared as soon as they are available.”
Following this update, the SUI price took a deep dive, with the token plummeting from $1 to $0.90. This indicates that the Sui crypto reacted negatively to the outage news. The price movement explains that traders have become nervous about prolonged disruptions.
Soon, the Sui team shared another X post today, highlighting the network’s failure to solve the technical issue. As revealed by Sui, the network has seen disruptions in block creation for two days. The post read,
“Sui mainnet is currently experiencing a network stall. Network activity may be paused at this time. The Sui Core team is actively investigating. Updates and incident review will be shared as soon as they are available.”
In response to this update, the Sui price SUI0.86% saw another massive plunge. Now, the token’s price has reached $0.89, marking a 20% weekly loss. Over the past day, the crypto has plummeted by about 1.5%. On a weekly basis, it experienced a drop of about 2%. It is worth noting that this fall comes after SUI’s recent 40% surge.
The market activity is also negative and this also affects the price of the SUI token. The 24-hour trading volume has dropped down by 36%, and it has hit $531 million. Traders and investors are on the closely monitoring the price movements to see if the token could regain momentum.
Whale Accumulation Signals Possible Rebound
As the community is looking for major price movements in the SUI price, experts are sharing diverse projections. According to Sui Community, the altcoin is currently near a critical support zone. However, the post added the possibility of a more downside in the near future.
Further, the Sui Community identified $0.90-$0.92 as a critical zone. This is because the level has previously attracted strong buying activity from whales and investors. As noted in the X thread, if buyers step into this area, the SUI price could see an uptick.
However, the market is very cautious right now. As there are no clear signals, traders are not able to predict SUI’s price trend.
Another market expert known as BitGuru on X stated, “SUI is showing signs of strength after a prolonged correction.” This post also highlights that the crypto could benefit from the current accumulation zone.
The price of the SUI token is down by 77% from its peak in 2025. This indicates how severe the market crash is because of the current network outage. Many of the experts believe that this crash is a result of shift in the investor sentiment. SUI seems to be struggling because traders choose to invest in less risky assets amid rising geopolitical tensions.
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