SOL slumped in double digits after the Solana network was once again paused.
Solana network was once again suspended yesterday. The network, which was halted for the fifth time, fell more than 10% after the event. The progress was relayed by the Solana Status account. The outage lasted about four and a half hours.
According to a statement by Solana Labs co-founder Anatoly Yakovenko, the network’s “durable transaction nonce” mechanism has caused part of the network to invalidate a mined block. After the event, the network was restarted with this mechanism disabled.
SOL Drops More than 10%
Network’s native token SOL has lost more than 10% after news of the network shutdown in addition to the market drop. SOL, the asset that lost the most in the top 20 in the last 24 hours, is trading at $ 39.74 at the time of publication.
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