Solana: Consolidation Phase Starts As Token Movement Plateaus
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After the market’s astonishing recovery, Solana (SOL) has entered another consolidation phase leading to lower volatility which gives the bulls much-needed rest after capturing huge gains.
According to Coingecko, the token is down a measly 2% in the past 24 hours but is still in the green at the 30-day timeframe at over 9% gains.
Although SOL gained a lot during the market’s strong rebound, there has been some news that has also affected the token’s movement, hampering growth while shaking some investors off of the token.
Major Vulnerability Patched Quietly
Just last Thursday, a vulnerability was detected by the Solana Foundation, leading them to release a quick patch that resolves the issue.
According to Solana validator Laine, the vulnerability was known after members of the Solana Foundation reached out to them, advising of an upcoming security patch along with the date and identifier for the incident.
After 24 hours, a patch was pushed through to GitHub making it accessible to stakers. It included the patch itself along with instructions for verifying the downloaded files. All this happened under strict confidentiality.
“During the next 24 hours several other core members reached out to confirm readiness and reiterate the need for urgency and confidentiality,” Laine stated on their X post detailing the incident.
