So close to a complete shutdown! Solana nearly faced an all-network outage again!
On August 12, due to a routing configuration error by the host service provider Teraswitch, about 28.83% of Solana’s staked SOL (90 validators) went offline for 33 minutes. The 33.34% threshold required to trigger a full network shutdown was only 4.51% away—exposing the risk of centralization of Solana’s underlying infrastructure and the presence of single points of failure.
After the incident, protocols such as Marinade quickly disclosed the details. The community launched harsh criticism of the level of decentralization, and KOLs urged the community to diversify node deployments. However, the spot price of SOL fluctuated only slightly; on-chain activity saw a modest short-term decline, and the market overall remained calm.
In terms of action, it’s recommended to mostly stay on the sidelines. If SOL’s daily chart breaks below the previous low of 86.0, you should exit; if it holds steady above 92.5 with volume, you can consider placing a swing long position. If it falls back below 89.0, set a stop loss.
This time it nearly became a major disaster. Although the coin price didn’t collapse, the risk is far from small. The situation is still unclear, so the safest approach is to not act—for now, watch and wait. If you really want to trade, just keep a close eye on a few key price levels: if it breaks the support line, run immediately; if it breaks out with volume, follow through; and if you notice any signs of trouble, exit at once.$SOL
#solana
On August 12, due to a routing configuration error by the host service provider Teraswitch, about 28.83% of Solana’s staked SOL (90 validators) went offline for 33 minutes. The 33.34% threshold required to trigger a full network shutdown was only 4.51% away—exposing the risk of centralization of Solana’s underlying infrastructure and the presence of single points of failure.
After the incident, protocols such as Marinade quickly disclosed the details. The community launched harsh criticism of the level of decentralization, and KOLs urged the community to diversify node deployments. However, the spot price of SOL fluctuated only slightly; on-chain activity saw a modest short-term decline, and the market overall remained calm.
In terms of action, it’s recommended to mostly stay on the sidelines. If SOL’s daily chart breaks below the previous low of 86.0, you should exit; if it holds steady above 92.5 with volume, you can consider placing a swing long position. If it falls back below 89.0, set a stop loss.
This time it nearly became a major disaster. Although the coin price didn’t collapse, the risk is far from small. The situation is still unclear, so the safest approach is to not act—for now, watch and wait. If you really want to trade, just keep a close eye on a few key price levels: if it breaks the support line, run immediately; if it breaks out with volume, follow through; and if you notice any signs of trouble, exit at once.$SOL
#solana