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Solana Network Failed 75% of Non-Vote Transactions on Day 4..."MemeCoin and Spambot Impact"

"75% of non-vote transactions on the Solana (SOL) network have failed," Cointelegraph reported, citing Dune Analytics data. Non-voting transactions are transactions that move SOL between different Solana accounts or smart contracts, incurring network fees but not involving voting rights. Previously, multiple communities have complained that transactions on the Solana network are not working properly. "The transaction failures appear to be a result of the recent Solana-based meme coin craze, but some have suggested that most of the transaction failures are caused by spam bots," the outlet added. On CoinMarketCap, SOL is trading down 0.93% at $182.28.

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Crypto 'Fear-Greed Index' at 83... Confidence Slips Slightly

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