Security Concerns Sink Solana, Investors on Watch
The last few days have provided a rather choppy price action for Solana (CRYPTO: SOL), to put it nicely. Solana is a leading smart contract-enabled network many investors think of as the "next Ethereum." However, a high-profile distributed denial-of-service (DDoS) attack sometime over the past 48 hours has hit this token hard.
Solana currently trades at around $173 per token, as of noon ET, Saturday. Over the past seven days, Solana remains down 13%, and approximately 33% off its all-time high.
The pressure Solana has been under appears to be somewhat reversing over the past 24 hours, with Solana up 0.7%. That said, the overall crypto market has appreciated 2.1% over this time frame, suggesting Solana is still lagging behind its peers.
Source Fool.com
