Posted 4/5/2024, 4:26:54 PM
Solana and Tokens Plunge Amid Blockchain Congestion Issues
- Solana (SOL) price is down 7% amid network congestion issues causing problems for the blockchain
- Wormhole (W) token plunged 17% after its airdrop, while Jupiter (JUP) and Dogwifhat (WIF) also dropped over 10%
- Popular Solana-based tokens are among the biggest losers as congestion diminishes Solana's speed/cost advantage
- Solana co-founder and developers are working to fix bugs causing chain congestion
- Bitcoin is also down after struggling to sustain all-time highs, likely contributing to market-wide drops