🚨😨👉🏻🗣️📢Massive token sale crashes Solana's price❗❗
On May 29, Solana's price plummeted by 7% after a hacker sold 2 million tokens. Among the memecoins sold were Dogwifhat and Cat in a dogs world. The sudden sale caused panic in the market, triggering a wave of selling and a drop in price. Experts attribute the decline to market manipulation and a lack of liquidity on some exchanges. The Solana community is concerned about the security of the network and the long-term impact of this incident. Some investors have lost thousands of dollars, while others see the drop as an opportunity to buy Solana at a lower price. The volatility of the cryptocurrency market remains a major concern for investors.
The hacker's intentions are unclear, but the massive sale suggests they sought to make quick profits at the expense of market stability. It is also possible that they wanted to damage Solana's credibility.
This news was published by several media outlets specializing in cryptocurrencies and finance, such as Cointelegraph and Decrypt.
