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Solana suffers DDoS attack



A DDoS attack has been taking place on the Solana network since Thursday, December 9th, 2021 and numerous transactions have been delayed. The Solana course has not yet responded to the news, but the SOL course is currently at a critical support level.


Solana has not yet issued an official statement on the news . However, the validators have already called about the problem, which has allegedly been largely fixed.


Tweet about DDoS attack deleted

The popular crypto journalist Wu Blockchain was one of the first to draw attention to the DDoS attack. In a DDoS attack, a network is flooded with (fake) requests in order to paralyze the network's traffic. Strangely enough, the tweet linked by Wu Blockchain from the Solana-based NFT platform Blockasset has been deleted. However , TheHackPost.com posted the content prior to deletion:


“We noticed that it takes a long time to distribute the tokens. The Solana chain is overloaded with DDoS attacks, which hinder the network and lead to delays. "


There was speculation on Reddit that the IDO platform Raydium was responsible for the high network load, as it was in September 2021. Among other things, numerous bots act on this platform, which led to the high utilization. At that time, the entire Solana network was down for around 17 hours . The team then revised the network, which was still in beta at the time.


According to the crypto news magazine Coindesk , the problem was allegedly largely resolved on the evening of December 9, 2021. There was even a one-hour call, but only a fraction of the more than 1000 validators turned up. An official statement from Solana is still missing.


Solana Update

The Solana course coincided with the Bitcoin and Ethereum course on December 9 and 10, 2021 . When the BTC rate falls, the altcoins rates also usually fall. That is why the SOL course has apparently not yet responded to the news about the DDoS attack. At the time of this writing, the SOL price is $ 170.


If the SOL price falls below the support at USD 170, then the current correction phase could continue. In the last Solana course analysis , our trader Konstantin Kaiser explained:


“It remains to be seen whether the correction has already been completed. Finally, the MACD is extremely bearish in the weekly rate. Should Solana break through the important support at USD 170, the SOL price will only find support again at around USD 140 and around USD 110. "

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