Avalanche's Main Blockchain Halts for 5 Hours Due to Technical Bug, AVAX Token Continues Price Slump
- Avalanche's main C-Chain halted block production for over 5 hours due to a technical glitch
- Issue likely stemmed from an "esoteric bug" related to mempool handling with inscriptions
- Ava Labs co-founder said it hit "untested edge cases" but chain now moving again
- Outage comes as AVAX token faces 5th day of losses, currently down 10.5% since Monday
- Despite volatility, AVAX still shows some long-term bullish patterns for swing traders