Sui Sees Record Inflow Following Network Downtime: Can This Save SUI Falling Price?

Attention has been on SUI following its network downtime on Thursday. The SUI blockchain experienced its first network outage caused by a bug in the congestion control code.

Attention was on SUI following its network downtime on Thursday. The blockchain experienced its first network outage caused by a bug in the congestion control code.

However, despite the downtime, SUI has seen a record high daily netflow of funds compared to other chains. This shows the community’s strong support for the token.

After the network outage on Thursday, attention has been on the SUI blockchain. The outage was caused by a bug in the congestion control code, which was recently upgraded to allow for better-shared object utilization.

However, some work still needs to be done, as the bug caused the network to become congested and eventually halt block production.

Network activity was restored after 2.5 hours, and everything returned to normal. Many SUI enthusiasts have always boasted that the network has never experienced downtime, especially compared to Ethereum, which has had a couple of downtimes this year.

However, this claim was put to the test yesterday when the SUI network ground to a halt. But, it seems that this has not affected the general sentiment around the coin.

According to a post by network developers, this control code was recently upgraded to allow for better-shared object utilization. However, some work still needs to be done.

“This code was recently upgraded to allow for better-shared object utilization. However, some work still needs to be done 🙂.”

Attention was on SUI following its network downtime on Thursday. However, despite the outage, a report by X (CoinDesk), whose X description suggests he is one of the SUI network developers, shows that SUI had the highest daily inflow of funds today compared to other chains in the last 24 hours.

“BREAKING: $SUI (@SuiNetwork) TOPS ALL OTHER CHAINS IN DAILY NETFLOW IN THE LAST 24 HOURS.”

This reflects the community’s commitment to the token and what it offers, despite the network experiencing its first downtime.

Attention was on SUI following its network downtime on Thursday. However, despite the outage, the community’s support for the token is evident in the record-breaking netflow of funds into SUI.

This is also interesting considering that the price of SUI has been experiencing a bearish sideways movement, with the price breaking a key support level around $3.69.

The price is currently eyeing another support level at around $3.00. This support must hold for the price to stage a strong bullish recovery; breaking below this support could lead to much lower prices.