Leveraged merchants betting on a value restoration acquired hit hardest when the Sui blockchain went down for the third time in below 48 hours. Knowledge from CoinGlass exhibits that lengthy positions accounted for $1.72 million of the $1.88 million in SUI liquidations recorded in the course of the newest disruption.
The Ripple Impact On Value
SUI fell to $0.9035 on Binance following the third stall, extending a slide that has now reached roughly 8% for the reason that bother started on Might 28. The $1.00 help stage — one which held for a lot of 2024 — was damaged in the course of the selloff, with the token down round 16% over the previous week.
Picture: Protos
The third outage hit throughout an epoch transition on Might 29 at roughly 4:30 PM EDT. Validators have been up and producing system transactions, however consumer transactions stopped flowing totally.
Sui mainnet stopped accepting consumer transactions as a result of a difficulty in the course of the epoch change starting at ~1:30PT. Validators are up and creating system transactions, however consumer transactions aren’t presently being accepted. The Sui Core Workforce is investigating, and updates will probably be shared…
— Sui (@SuiNetwork) Might 29, 2026
The Sui group later traced the failure to a latent bug in how a particular failure state is preserved throughout validator restarts, which prevented the community from finishing its transfer to the following epoch.
Validators deployed a repair addressing each the bug and the affected epoch, and the community got here again on-line shortly after.
Is that this for actual $SUI ?
After 2 main Outages and nearly 10 hours of downtime, SUI confronted a Partial Outage. That is the third Outage in 2 days… https://t.co/pmMCYX7nnc pic.twitter.com/GLsCqnfrBq
— Fabio (@Zero2HeroZombie) Might 29, 2026
How Three Outages Unfolded
The issues began on Might 28 when a crash bug within the fuel charging logic — launched in model 1.72 of Sui’s software program — introduced the mainnet to a halt for roughly 5 hours and 55 minutes.
Sui mainnet is again on-line and transactions are flowing usually.
The top of epoch halt was triggered in the course of the rollout of yesterday’s long-term repair. As validators restarted to deploy the brand new binary, the randomness initialization that runs firstly of every epoch was unable…
— Sui (@SuiNetwork) Might 30, 2026
No new checkpoints have been recorded throughout that window. After greater than two-thirds of the validator stake upgraded to a patched model, the community got here again on-line on Might 29 at round 8:32 PM UTC. No consumer funds have been misplaced.
Reduction was transient. A second stall was reported hours later, round 12:19 PM UTC on Might 29, with the standing web page flagging it as a serious outage.
SUI market cap at $3.6 billion. Supply: TradingView
The Sui group acknowledged the interim repair had solely addressed a part of the issue, and the community hit a variation of the identical underlying problem. Service resumed at round 11:34 AM EDT earlier than the third and remaining disruption arrived that very same afternoon.
Experiences point out the foundation trigger throughout all three outages connects again to modifications within the fuel charging logic launched to help zero-fee stablecoin transfers on the community.
A Sample Value Watching
That is the third important disruption Sui has confronted in 2026 alone. A six-hour consensus divergence occasion struck in January, and a congestion-related outage hit in November 2024. The Sui group has mentioned an in depth incident assessment is coming.
Featured picture from Driver Simple, chart from TradingView
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