SUI cryptocurrency fell nearly 10% after a strong weekly rally that saw it gain almost 40%. The price peaked at $1.42 before sellers took profits, influenced by SUI Group Holdings expanding its treasury and staking most tokens, plus CME Group announcing SUI futures launch on May 29. Despite the pullback, network activity and adoption continue to grow, with total value locked rising above $650 million and trading volume surging. The decline is seen as a healthy cooldown amid broader market weakness, with future price direction depending on continued network growth and institutional interest.
Most major cryptocurrencies experienced price declines, with Bitcoin falling 3.44% to $71,096 and Ethereum down 2.33% to $1,963.78. Other notable drops include Binance Coin (BNB) down 5.83% and Cardano (ADA) down 3.79%. Some smaller tokens showed gai...
Between May 28-29, the Sui Foundation experienced three outages caused by bugs in its transaction and key generation systems, disrupting transaction processing and settlement. The first two outages were due to a bug in the new address balance and gas...
Modest gains in Bitcoin and Ethereum caused a wave of short liquidations in crypto derivatives markets, with $4.9 billion in Bitcoin shorts and $5.6 billion in Ethereum shorts liquidated over 24 hours. This indicates heavy bearish positioning, making...
SUI remains in a long-term downtrend, recently falling below key support levels and trading near $0.86–$0.90. Network outages in May and June have shaken investor confidence, causing sharp price declines and raising concerns about the coin's infrastr...
The Sui blockchain network experienced its third transaction halt within 48 hours, caused by problems linked to recent changes in its stablecoin's zero-fee transaction logic. The network stopped processing transactions multiple times, with the latest...
