Why SUI Network Outage Did Not Cause a Price Crash
Earlier today, Layer-1 blockchain Sui After experiencing a two-hour power outage, block production stopped and transaction processing became impossible. The network outage caused the price of SUI to drop slightly, from $3.73 to $3.64.
Despite fears of a deeper price drop, prices stabilized after the project announced that the network was fully restored and operational.
Sui back online, altcoins still in a good position
Around 10:52 UTC, web3 Safety ExVull revealed that a DOS error caused a Sui network outage. The vulnerability, which stands for Denial of Service (DoS) attack, refers to a software attack that floods a system with excessive traffic or requests, causing it to crash or severely reducing its functionality, making it unavailable to legitimate users.
“After our analysis, we found that Sui Net node DOS due to integer overflow” ExVul point out.
With this development, some exchanges Stop SUI Transaction Because the price has also dropped a bit. However, nearly two hours later, project updated its community to say that a validator had assisted in resolving the issue.
“Thanks to the swift work of the Sui validator community, the Sui network is back up and processing transactions again. The 2 hours of downtime was caused by a bug in the transaction scheduling logic that crashed the validators, and the issue has now been resolved.” explained.
Meanwhile, Messari’s data showed that the Sharpe ratio remained positive during the outage. The Sharpe ratio is a key measure of risk-adjusted returns, indicating What is the excess return? An investment relative to the income it generates volatility.
It helps investors evaluate whether the returns from riskier assets are worth the risk. A higher ratio means better risk-adjusted performance. Typically, when the ratio is negative, it means the risk may not be worth the reward.
However, since it is positive for SUI, it shows Accumulate altcoins It’s still possible to generate positive returns around its current value.
SUI Price Prediction: Run Above $4
On the daily chart, SUI continues trading Within the ascending channel. An ascending channel, also known as an ascending channel or ascending channel, is a chart pattern defined by two parallel upward sloping lines.
It forms when price shows higher swing highs and higher swing lows, indicating an ongoing uptrend. Additionally, Chaikin Fund Flows (CMF) increased, indicating that buying pressure exceeded allocation pressure.
If this continues, the price of SUI could climb above $4. However, if another Sui network outage occurs, this may not happen. In that scenario, Value may decline Less than $3.
Disclaimer
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