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Recent reports indicate that Solana is encountering difficulties. Data reveals that approximately 75% of transactions on Solana are encountering problems and are failing to process correctly. These issues seem to have started with meme coin traders facing challenges when using Raydium pools on decentralized exchanges.

The transaction problems are not limited to meme coin traders; regular users of Solana are also struggling when trying to transfer funds between wallets or exchanges.

Such issues are surprising for Solana, as it has a reputation for high throughput and stability. However, the recent problems are affecting the network's value in the market. Solana's price has declined by 5%, likely due to concerns about potential network outages.

The current price of Solana stands at $174.40, and uncertainty regarding transaction reliability may be leading to decreased confidence in the network. Analysts are monitoring the $152.46 price point closely, as it represents the 50-day average price and could serve as a potential support level. If this level does not hold, Solana's price could drop further to $132 or $101.

Given the ongoing challenges in the crypto market, Solana's issues are particularly untimely. Investors holding SOL or considering purchasing it may be apprehensive about the network's current state.

The recent troubles with Solana are impacting market sentiment, which is reflected in SOL's price movement. Hopefully, the network can address these issues effectively and regain investor trust.