The solana network says it is seeing 'intermittent instability' - but its sol token is holding steady

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The solana blockchain crashed and some services were disrupted as a result on Tuesday, less than a week after its sol token hit record highs, according to an announcement on Twitter by the company.

"Resource exhaustion in the network is causing a denial of service, engineers are working towards a resolution. Validators are preparing for a potential restart if necessary," Solana said on Twitter. The issue began around 07:00 ET.

The sol coin, which last week hit record highs in spite of a widespread sell-off in the cryptocurrency market, is the native token of the solana network. It was last up around 1.0% at $159.90 according to coinmarketcap.com. On September 9, it hit a record above $200.

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