In the past few minutes, according to information shared by Solscan and OKLink, there have been numerous rumors that the Solana blockchain is down. Following these developments, Upbit Exchange quickly announced that deposit and withdrawal transactions for SOL, GMT, RAY, and ACS would be suspended.
Current Situation on Solana
Solana, which hit rock bottom after the FTX incidents but has been on the rise since the beginning of last year, seems to be experiencing significant trouble. According to data provided by Solscan and OKLINK, rumors that Solana may have crashed suddenly took center stage in the cryptocurrency world.
While no official statement has been made yet, debates over what could have caused this situation are escalating. Before the issue came to light, SOL was trading at $96 but fell to $93.5 within minutes after the drop.
On the other hand, Upbit exchange did not remain indifferent to the events and announced that deposit and withdrawal transactions related to SOL, GMT, RAY, and ACS would be temporarily suspended during this period.
The History of Solana
The Solana network, known for its speed and cost-effective structure, had a history of issues in the past, but recently it was being mentioned not for these but for the airdrops that took place and the praise from investors.
Following the incident, data shared on OKLink shows that the last transaction occurred about 55 minutes ago, while users continue to seek answers to the event.
