Solana

Dollars

Million

Phantom

It is reported that users cannot send or receive funds on Phantom, one of the largest wallet applications of the Solana (SOL) ecosystem. It is said that the wallet may have collapsed in its current situation.
Currently, SOL transfers to Phantom wallets cannot be viewed on blockchain explorers.
It is thought that the problem may be due to density. In recent weeks, the Solana ecosystem has been going through hot days, especially in terms of memecoin, and such intensity may have emerged following the launch of BOME and its listing on Binance.
Following the success of Solana-based memecoins like BOME, many cryptocurrency users are competing with each other to early purchase new memecoins on the SOL network. However, it is unknown how sustainable this situation will be and whether the rise of memecoins will continue.
Related News: <a href="https://en.bitcoinsistemi.com/biggest-bome-whale-wallet-made-its-first-move-after-turning-72-thousand-dollars-into-30-2-million-dollars/" target="_blank" rel="noopener noreferrer nofollow">Biggest BOME Whale Wallet Made Its First Move After Turning 72 Thousand Dollars into 30.2 Million Dollars</a>
Many cryptocurrency influencers post on X, claiming that the cryptocurrency community will send them SOL and in return they will airdrop memecoins to users. These posts also bring the danger of fraud. Earlier today, a fraudulent wallet stole $2.6 million worth of Solana tokens from users.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/solana-based-wallet-app-phantom-allegedly-fails-to-process-transfers/" rel="noopener noreferrer nofollow">Solana-based Wallet App Phantom Allegedly Fails to Process Transfers</a>

Solana-based Wallet App Phantom Allegedly Fails to Process Transfers

Bitcoin Sistemi EN

Other articles published on Mar 17, 2024

Solana memecoin BOME gains 322%, but how long will the hype last?

Ethereum (ETH) Surge Past $4,000 Draws Attention from Chainlink (LINK) & Binance Coin (BNB) Trade...

Shiba Inu (SHIB) Price Plummets 13% Amid Market Turbulence, On-Chain Data Reveals Speculative Tra...

Government Amends AI Advisory, Eases Regulations for Industry Players

Missed the Bitcoin Rally? Find Next Altcoins for Possible Explosive Growth

Enter The Raffle Coin (RAFF): Crypto Global News Soars Sending Ripple (XRP) & Bitcoin (BTC) Holde...

Join our free newsletter for daily crypto updates!