On this day in 2020 Solana was first released
2 min read
Solona was one of the most talked about coins of the pandemic. It probably benefited from the pandemic hype and fomo that occurred. After peaking at the end of the bull run in November of 2021 it has been one thing after another tanking the price.
It primarily started with the network crashes. It has crashed a total of 14 times and become a running joke in the community. It crashed just this month as a birthday gift to itself.
Additional issues:
-On 3 August, 2022, 9,231 Solana wallets were hacked. Four Solana wallet addresses $4.1 million in total from victims.
-In November 2022, the price of Solana dropped by 40 percent in one day following the FTX melt down due to a sell off from Alameda, as Solana was Alameda’s second-largest holding. At the time, FTX held $982 million in Solana tokens. This basically finished off what had already begun to happen.
There are still some up and coming projects that are still intriguing.
1.Saga the solana phone. An android phone with crypto integrated.
2.Solana Pay offers instant transactions for a fraction of a penny.
Make your own decisions about Solana. As always DYOR.
submitted by /u/Frogmangy
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