- Analysts on crypto Twitter buying the dip, expect SOL price to resume upward climb after dropping to $130.
- Solana price has failed to recover from the drop triggered by a network outage on September 15.
- One server in Amazon's data center accounts for 37.45% of Solana, essentially making it a "kill-switch" for future outages.
SOL consolidation continues, and analysts are convinced that the altcoin still has upside potential.
SOL fails to recover outage-triggered drop, recovery expected
Solana's on-chain activity has exploded over the past four months and the altcoin posted over 118% gains over the past 30 days. Since a network-wide outage on September 15, the altcoin price has failed to recover, though.
1/ Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused the network to start forking.
— Solana Status (@SolanaStatus) September 14, 2021
