SOL’s Price Could Drop In Next 24 Hours Following Another Outage
- Santiment tweeted that the FUD surrounding SOL is at a 6-month high.
- This FUD follows a 20-hour period of not a single transaction being processed.
- SOL’s price has already dropped more than 3% over the last 24 hours.
Santiment (@santimentfeed), the blockchain analytics firm, tweeted this morning that Solana (SOL) is a trending topic in the crypto space associated with words like concern. The reason for this, according to the tweet, is because SOL went 20 consecutive hours without a single successful transaction.
— Santiment (@santimentfeed) February 28, 2023
#Solana is a trending topic in #crypto with associated words like #concern. Why? Over the weekend, $SOL went 20 consecutive hours without a single successful transaction. Outages like these have historically caused short-term #FUD from panic sellers. https://t.co/PQ7Iadxe0O pic.twitter.com/Gmio62mwBh
The tweet added that SOL network outages like this have historically caused short-term FUD from panic sellers. This seems to be true for this latest outage as social activity regarding SOL FUD has reached a 6-month high.
The FUD seems t…
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