What's Happening at Solana? SOL Prices Suddenly Plunge

<p>&nbsp;The price of Solana suddenly fell on the side. After investigation, Solani was found to be in trouble. The popular layer-one platform never goes offline for a long time, but it looks like the network is down for a while.</p><p><br /></p><p>Based on an official update from Solana's Status account early on, the “mainnet-beta” has failed, and engineers across the ecosystem are working to identify the problem.</p><p><br /></p><p>The network was found to be down for over 30 minutes. Meanwhile, SOL prices are under pressure after this news as they are now trading at a 4% discount.</p><p><br /></p><p><br /></p><p>Recently Solana network core engineers identified a workaround and are in the process of designing a new version for validators to implement it, as announced by network validator mtromp.</p><p><br /></p><p>Solana advises validator operators to prepare for network upgrades and restarts. The main validator operator of the network has received instructions to upgrade and restart version v1.17.20.</p><p><br /></p><p>Today was Solana's first failure of 2024, ending a streak of uninterrupted operation that began exactly one year ago.</p>