The Price of Solana Drops by 13% Following Another Network Outage

The price of SOL, the token of the Solana blockchain, started to fall yesterday after another network outage.

The network slowdown lasted four hours and had a negative impact on the investment attractiveness of the network’s underlying asset.

The SOL token lost about 13% yesterday. The asset fell to $38.6 on Thursday morning and only managed to rebound to $40.4 in the afternoon following the blockchain’s second failure in a month.

As a result, network users were unable to perform transactions, and all apps were forcibly closed.

The validators restarted the blockchain, after which they managed to resume its work. Services recovered within a few hours.