Investors are negative on Solana [SOL] as outages continue to weaken progress


Following the downtime on February 25, Solana has decreased by more than 3% as of press time.

According to a tweet from Santiment, Solana’s [SOL] social traffic reached a six-month high after the restaurant chain recently experienced yet another network failure. In recent days, phrases like ‘worry’ and ‘outage’ have been often used in connection with SOL, which has led to widespread FUD.

Santiment stated that such interruptions had previously sparked panic selling. Nevertheless, should SOL holders be concerned?

After the downtime on 25 February, Solana decreased by 3% as of press time, according to statistics from CoinMarketCap. In the last week, the pressure on SOL has been more pronounced, as the stock has fallen 11%.

A review of Santiment’s statistics revealed a dramatic decline in trading volume of 65 percent from the weekly high on February 20.

The decline in trading activity may be attributable to investors’ pessimistic outlook, which was very unfavourable at the time of writing. On the other hand, development activity increased significantly, showing that network features were constantly being polished and upgraded.

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