Cryptocurrency has had its worst week, with Bitcoin plunging 19% last week.
The biggest drop was not Bitcoin, but Solana. During the week,
Bitcoin plunged 19%, while Solana plunged 39%.
The reason Solana has especially plummeted is because of problems with the Solana network.
As the risk hedging (risk aversion) phenomenon that is blowing on Wall Street, a large number of sell-offs for risky assets, cryptocurrencies, appeared, causing the Sola
na network to stumble.
As a result, Solana appears to have plunged more than twice as much as Bitcoin.
On the 22nd (local time), Solana admitted that there was a problem with the network and said that it would restore the network as soon as possible through a website notice. Solana added that there will be more improvements in the next 8 to 12 weeks.
