{"id":212136,"date":"2022-01-12T04:00:16","date_gmt":"2022-01-11T22:30:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=212136"},"modified":"2022-01-11T18:24:04","modified_gmt":"2022-01-11T12:54:04","slug":"heres-what-it-means-for-solana-as-it-faces-yet-another-issue-on-binance","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/heres-what-it-means-for-solana-as-it-faces-yet-another-issue-on-binance\/","title":{"rendered":"Here’s what it means for Solana as it faces yet another issue on Binance"},"content":{"rendered":"

Slow Solana transactions are an issue that has been hurting the network for a month. The market was raging with speculations of Solana facing yet another distributed denial-of-service (DDoS) attack. Later, it was clarified that the network went down in lieu of \u201csome congestion due to mis metered transitions”. Nonetheless, some users experienced delays in the timing of their transactions and had to retry.<\/p>\n

However, the main question that one needs to check: Is there any effect on SOL’s price? Let’s see now…<\/p>\n

Here we go again
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Solana, the #5th largest cryptocurrency just recently witnessed<\/a> network congestion and caused transactions to fail. Many hinted at another DDos attack whereas others speculated\u00a0if it was just network issues. Coinbase, one of the largest crypto exchanges in the world hinted<\/a> at the same issue to alert<\/a> its users. Here’s another confirmation.<\/p>\n

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Notice regarding the @solana<\/a> $SOL<\/a> withdrawal issue. <\/p>\n

Read more \u2935\ufe0fhttps:\/\/t.co\/oekukAuFTP<\/a><\/p>\n

— Binance (@binance) January 11, 2022<\/a><\/p><\/blockquote>\n