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Solana SOL network fails (once again)

 


According to reports, the Solana blockchain was again the victim of a DDoS attack today, but the network appears to be back to normal as of now.

Solana, the fifth largest cryptocurrency by market cap and one of the biggest winners in 2021, has reportedly faced yet another Distributed Denial of Service (DDoS) attack.

The Solana network reportedly failed again, making it the third such incident in six months. The network was back online in about four hours. Typically, during a DDoS attack, sending numerous requests to the victim's web resources overloads or clogs the network and prevents the platform from functioning properly.

The first time, the Solana network initially went down for more than 24 hours, and even after several attempts to fix the problem, the developers eventually had to restart the network. While Solana’s core team downplayed these attacks, the community thinks Solana needs to work on the fundamental flaws. The altcoin had a phenomenal year 2021 despite minor ups and downs, but a potential DDoS attack earlier in the year made it clear again that the network is still vulnerable.

SOL hit a new all-time high of $ 260 last November and is currently 35% below the high. Solana's price hit the USD 168.14 support level twice in the past five days. The current downward trend in the Solana price is a consequence of the overall declining market, and the DDoS attack seems to have had little effect so far.

Meanwhile, in a new strategy session, Van de Poppe tells his 159,000 YouTube subscribers that Layer 1 altcoins like Solana and Avalanche (AVAX) had a “massive” year in 2021, and he expects the crypto sector to continue growing in 2022.

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