Solana (SOL) is by far the worst-performing major cryptocurrency this week, after a shutdown further damaged sentiment.
The token slumped over 11% in the past seven days, and is trading around $37.22- close to its lowest level since August 2021.
SOL’s losses were triggered just after an error in block production caused developers to shut down the blockchain earlier this week.
The outage- far from Solana’s first this year, spurred a wave of backlash against the blockchain on social media. Several users threatened to abandon the project. Several others poked fun at the blockchain’s seeming lack of stability.
Solana faces string of outages this year
Solana’s five hour outage this week was far from its first this year. The blockchain had been taken offline earlier in May, and has faced outages intermittently through the year.
