Turmoil has engulfed the Solana blockchain ($SOL) over the past week, in a series of market events and security breaches that have taken a toll on the network’s performance. From $SOL’s price slipping under $130 to fears surrounding FTX unlocks and a record-breaking hack at Bybit, the crypto market has taken another hit. And if we analyze the state of Solana’s ecosystem this week, it seems clear that macro pressures, security concerns, and investor sentiment are combining into quite a potent cocktail. Solana’s Struggles Amid Market Chaos The downturn of the market has reverberated through the crypto world, and Solana
The post Solana Struggles Amidst Market Chaos: $SOL Dips, Ecosystem Activity Declines, and Major Hacks Impact the Network appeared first on The Merkle News.
