Cryptocurrency Updates: Solana Falls by 12% After Network Outage, Bitcoin Falls as Feds Reduce Balance Sheet, Ethereum Tops NFT Sales With $27 Billion Sales.

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Cryptocurrency Updates Solana Falls by 12% After Network Outage, Bitcoin Falls as Feds Reduce Balance Sheet

Solana's decline after announcing its network outage

Solana, after being plunged with network issues, nosedived by 12%. The network, which was once hailed as one of the fastest blockchains and a challenger to Ethereum, was down on June 1 due to network challenges. This is the second time in the month's space that this will happen to the blockchain network. The chain was forced offline for about four and a half hours due to a cold wallet transaction bug called "Durable Nonce Transactions." Since the outage was announced, SOL which traded as high as $45.55 on Wednesday, now ...

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