According to trader and digital asset investor Dan Smith, there is an issue with spam transactions on the Solana (SOL) blockchain. The cryptocurrency enthusiast described how spammers increase the quantity of unsuccessful transactions on the blockchain network in a series of X posts.
Read MoreA brand-new memecoin called Flying Monkey (FLYMONK), which debuted on Solana today, is expected to make significant gains in light of the recent declines in popularity of DogWifHat (WIF) and Shiba Inu (SHIB).
Read MoreOver the past week, there has been a notable 21% decrease in Solana's native token, SOL, which has reached its lowest value in almost six weeks. Given that SOL's price increase of 61% in March, investors may have been unduly enthusiastic. This decline has resulted in significant liquidations of leveraged long SOL futures contracts totaling $113 million since April 11.
Read MoreAccording to a recent survey, Ethereum has emerged as the most frequently reported victim of blockchain breaches in 2024, with 33 incidences.
Read MoreSolana fell and started to drop toward $110. The price of SOL is currently repairing losses over $140 and encountering challenges in the $160 resistance area.
Read MoreDespite the incredible run that altcoins have had in the last few months, new developments have caused every token rally to come to a stop. The value of each of these tokens dropped dramatically.
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