Solana Releases Patch for Network Restart After Hours-Long Outage

Bitget App

Trade smarter

Bitget

News

Cointime2024/02/06 13:38

By:Cointime

Solana engineers have released a new validator software release, version v1.17.20, to upgrade and restart the Solana network after a significant outage. All Solana-related activities, including trading and staking, were halted after the network stopped processing blocks on Tuesday. Validator operators are asked to prepare for an upgrade and restart of the network, and once 80% of the stake has restarted, the cluster will resume block production. The Solana network has suffered over a dozen outages in the last few years due to the design of the system, which handles all their consensus on-chain.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14