- 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 facing a major outage for the past two days. As the mainnet continues to face significant technical issues for the second consecutive day, the SUI price is now under pressure.
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 crypt has seen increased selling pressure, impacting its price.
Sui Price Faces Fresh Pressure Amid Network Outage
Currently, the crypto space is shocked by a major mainnet outage in the Sui Network. As revealed by the platform via an X post earlier today, the Sui Network is facing technical issues for the second straight day.
On May 28, 2026, the team took to X to announce the 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 SUI-1.70% 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. This reflects the bearish sentiment surrounding the Sui price. The 24-hour trading volume dipped by 36%, hitting $531 million. Traders and investors are actively watching 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 a major uptrend.
However, the market remains cautious as of now. Without clear positive or negative signals, traders cannot predict the SUI crypto’s potential 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.
However, SUI is now down by a massive 77% from its 2025 peak. This highlights the severity of the current market crash. According to experts, this crash is a result of a shift in investor sentiment. As traders choose to invest in less risky assets amid rising geopolitical tensions, smaller altcoins like SUI are struggling.
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