#JoblessClaimsLowestApril There was a serious glitch in the Sui network today. According to Suivision and Suiscan, the blockchain stopped producing blocks at 12:15 Moscow time and has not yet restored its operation. This has caused serious concerns among the participants of the crypto community. Meanwhile, the quotes of the $SUI
cryptocurrency fell by 9.2% to $3.42. The capitalization of the project lost about $900 million and dropped to $9.76 billion.
The Sui team promptly responded to the incident. According to community representatives, the problem is related to errors in some validators. The developers are actively studying the situation and trying to restore the stability of the network. However, no specific time frame for the decision has yet been announced. The fall in the value of the native digital asset and the network failure is causing concern to investors, who are afraid of further problems and a possible decrease in confidence in the project.
It is worth noting that 2 days ago, the main Sui network was updated to version 1.37.3, and the protocol to version 68. The update was supposed to improve network performance and reliability. However, it is possible that the failure may be due to recent changes in the system.
Analysts believe that prolonged shutdowns of the blockchain can negatively affect Sui's position in the market. Competitors, including Ethereum and Solana, continue to develop their ecosystems and attract users. and Sui may lose part of the audience if it does not fix the problem promptly.
The situation remains tense. Investors are advised to keep an eye on updates from the project team. Returning the network to normal operation and a convincing explanation of the reasons for the failure can mitigate the consequences. However, if the problem drags on, it may lead to a deeper drop in the price of the token and a decrease in interest in the project.