Sui Network is set to implement a fix on October 27 at 17:30 UTC, during epoch 564, to address issues with staking reward distribution that began in epoch 560. This move is aimed at restoring investor confidence as the SUI token's price has fallen to $1.70.
Users have been advised to refrain from unstaking their tokens until the start of epoch 564 to ensure they receive all accumulated rewards. The network's team is making this appeal to prevent further losses and stabilize staking rewards.
The announcement comes at a critical time for Sui Network, as the SUI token is experiencing a price slump, putting additional pressure on the network to resolve technical difficulties promptly and reassure its investors.
