SUI Drops 5% Post Block Generation Halt What to Expect

  • SUI faced a block generation halt on November 21st for two and a half hours.

  • The development team fixed the issue in a short amount of time.

  • SUI has dropped 14% in the past week but is up almost 80% in the past month.

Sui Network, a prominent Layer 1 blockchain known for its focus on scalability, experienced a blockchain generation halt last week that led to a significant price crash for its altcoin in the past few days. Over the past 24 hours, the cryptocurrency dropped 5.08%, raising concerns about further declines if buyers don’t step in.

The blockchain network stopped producing blocks for a total of two and a half hours, from approximately 1:15 to 3:45 am Pacific time on November 21st. The Sui Network validators entered a crash loop, preventing the blockchain protocol from processing any transactions.

Read also: SUI Soars 440% as XRP, DOGE, FLOKI Join Crypto Rally

The block generation halt stemmed from an upgrade to Sui Network’s congestion control system. A vulnerability in the upgrade created issues for the protocol, but the blockchain network’s development team responded quickly, launching mainnet v1.37.4 and testnet v1.38.1 updates to addre…

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