Sui Network Restarts After 6-Hour Outage, Restoring $1B+ Onchain Activity

Market reaction was not very strong although it was disrupted by the operational disruption. The token price of SUI dropped slightly by about 4% on receiving confirmation of the incident prior to regaining the gains and again closed close to the level before the incident. The absence of acute volatility indicates that the traders considered the event as a technical hustle and not a structural problem.

This reaction differs with reference to the previous cycles wherein long outages tended to precipitate steep sell offs. The less vigorous response can be seen as increasing tolerance of the market to short-term dislocations, as long as recovery is fast and open.