Leveraged merchants betting on a value restoration received hit hardest when the Sui blockchain went down for the third time in beneath 48 hours. Knowledge from CoinGlass reveals that lengthy positions accounted for $1.72 million of the $1.88 million in SUI liquidations recorded through 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% because the hassle started on Could 28. The $1.00 help stage — one which held for a lot of 2024 — was damaged through the selloff, with the token down round 16% over the previous week.
Picture: Protos
The third outage hit throughout an epoch transition on Could 29 at roughly 4:30 PM EDT. Validators have been up and producing system transactions, however person transactions stopped flowing totally.
Sui mainnet stopped accepting person transactions as a result of a problem through the epoch change starting at ~1:30PT. Validators are up and creating system transactions, however person transactions usually are not at the moment being accepted. The Sui Core Crew is investigating, and updates will probably be shared…
— Sui (@SuiNetwork) Could 29, 2026
The Sui staff 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 subsequent 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) Could 29, 2026
How Three Outages Unfolded
The issues began on Could 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 tip of epoch halt was triggered through the rollout of yesterday’s long-term repair. As validators restarted to deploy the brand new binary, the randomness initialization that runs in the beginning of every epoch was unable…
— Sui (@SuiNetwork) Could 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 Could 29 at round 8:32 PM UTC. No person funds have been misplaced.
Reduction was temporary. A second stall was reported hours later, round 12:19 PM UTC on Could 29, with the standing web page flagging it as a significant outage.
SUI market cap at $3.6 billion. Supply: TradingView
The Sui staff 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 ultimate disruption arrived that very same afternoon.
Reviews point out the basis 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 Price Watching
That is the third vital 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 staff has mentioned an in depth incident evaluate is coming.
Featured picture from Driver Straightforward, chart from TradingView
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