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Suiet wallet to cease development and API support by Nov 14, 2026, amid Sui blockchain's declining value locked.

Protocol Fundamentals
12 Nov 2026, 20:06 WIB
Altcoin Buzz
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Bearish
Suiet wallet to cease development and API support by Nov 14, 2026, amid Sui blockchain's declining value locked.

Suiet, a self-custodial wallet for the Sui blockchain, announced it will stop development and maintenance, with API services ending on November 14, 2026. Users are advised to back up recovery info and switch to supported wallets before then. This follows a drop in Sui's value locked from $510.9 million to $411.4 million in a month. Other Sui ecosystem products like Suiball hardware wallet and Phantom wallet also exited, reflecting challenges in the network's growth and security.

The Sui ecosystem's recent challenges are presented here with Pluang's market data as of Nov 13, 2026 00:41 WIB. Among 50 major cryptocurrencies on Pluang, 7 rose and 42 fell today. Notable movers include GRT at Rp308 with a 1-day change of -5.99% and 100% buy order activity, ZIL at Rp27 down 5.73% with 60% buy orders, and LINK at Rp181.056 down 4.95% with 81% sell orders.

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