Sui Network, dubbed the "Solana killer," experienced a significant setback after a 2-hour outage, causing holders to flock to new cryptos. The outage, which occurred on November 21, 2024, was due to a bug in transaction scheduling logic that caused validators to crash.¹
During the downtime, the SUI price tumbled 10% but recovered quickly after the network resumed transactions. The outage also led to some major exchanges, like Upbit, temporarily disabling SUI deposits and withdrawals.²
Despite the setback, Sui Network has resolved the issue and is now back online. The network's swift recovery has been praised by the community, with some even comparing it favorably to Solana's past outages.
As for holders flocking to new cryptos, it's likely that some investors are exploring alternative options in the wake of the outage. However, it's worth noting that Sui Net
work's reputation as a "Solana killer" remains intact, and the network's resilience in the face of adversity has been impressive.