Cryptocurrency wallet Suiet is shutting down its self-custodial platform, marking another withdrawal from the Sui network. The service plan calls for its application programming interface infrastructure to remain active through November. This closure joins a growing list of operational exits occurring within the Sui ecosystem.
Data published on November 11, 2026, shows a distinct downturn in underlying network activity. The total value locked across decentralized finance protocols on Sui decreased by more than 22% over the past month. The loss of infrastructure coincides directly with this reduction in capital.
For traders holding perpetual futures on exchanges like Bitget, Bybit, MEXC, or OKX, this wallet closure changes nothing directly regarding funding rates or order book liquidity. A single non-custodial wallet ending service does not alter derivative margin mechanics or leverage terms.
Source: cointelegraph — Suiet wallet to shut down in latest exit from Sui ecosystem
Price today: Sui