Sui Price: Token Stays Stable Despite Six-Hour Network Shutdown

TLDR

• Sui blockchain suffered a six-hour network outage that halted all transactions on January 15, 2026
• The Sui Foundation has not revealed what caused the consensus failure that stopped the network
• This marks Sui’s second major outage since launching in May 2023, following a two-hour outage in November 2024
• SUI token price remained mostly stable during the outage, briefly spiking 4% before settling around $1.84
• The network is now fully operational with transactions flowing normally after core developers implemented a fix

The Sui blockchain experienced a six-hour network outage on January 15, 2026, that completely stopped all transactions on the layer-1 network. The Sui Foundation confirmed the network returned to full operations after core developers resolved the issue.

The outage began at 2:52 pm UTC on Wednesday. The Sui Foundation announced the problem on social media platform X at 3:24 pm UTC. The team told its 1.1 million followers that developers were working on a solution.

Transactions on the network remained frozen for nearly six hours. The Sui Foundation resolved the problem at 8:44 pm UTC. The total downtime lasted 5 hours and 52 minutes.

The foundation has not provided details about what triggered the consensus failure. The outage locked up more than $1 billion in value on the chain. Users could not make any transactions during this period.

Second Major Outage Since Launch

This incident marks the second major outage for Sui since the network launched in May 2023. The blockchain previously experienced a two-hour outage in November 2024.

Other layer-1 blockchains have faced similar problems. Solana has dealt with network outages in the past. However, Solana has not reported a major network-wide outage in the past 18 months.

The Solana network has made improvements to prevent outages. Last week, the Solana Status account asked validators to upgrade to a new version with critical patches. These updates help validators coordinate better to fix client-side issues.

Token Price Shows Minimal Impact

The SUI token price showed little reaction to the network problems. The token traded around $1.89 during the outage, up less than 1% on the day.

SUI briefly jumped 4% when news of the outage broke. The price reached as high as $1.92 before falling back. The token settled around $1.84 after the network came back online, according to CoinGecko data.

The stable price action happened while the broader crypto market rallied. Bitcoin led the market higher, climbing to a new 2026 high above $97,000.

Crypto enthusiast 0xsubash commented on the price stability. He said token prices no longer drop on bad news if the token has good market makers. In the past, this type of news would have caused price drops.

SUI has performed well in 2026 despite the outage. The token is up over 30% year-to-date. This makes it one of the best-performing crypto assets this year.

Sui stakeholder Reset confirmed the outage was caused by a validator consensus issue. Reset said there were no critical risks to user funds. The team stated delays would continue until normal operations resumed.

The Sui Foundation posted on X that transactions are now flowing normally. Users experiencing issues should refresh their app or browser window. The network is fully operational as of Wednesday evening.

The post Sui Price: Token Stays Stable Despite Six-Hour Network Shutdown appeared first on CoinCentral.