SolChicks Crashes Solana Network with Overwhelming Demand for $CHICKS -Breaking
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- Demand for SolChicks’ native token $CHICKS crashed the Network.
- Its market cap grew by 710%.
- SolChicks and Solana both addressed this issue.
SolChicks is a crypto-based play-to earn fantasy game that uses the Solana Network. It has left the community stunned by its incredible enthusiasm. Solana, Raydium and other networks experienced outages following the Token Generation Event (TGE), which received a huge response. Unexpectedly high traffic levels caused the outage.
SolChicks, Solana, and SolChicks viewed the disruption in a positive light and saw it as an opportunity for further improvement. The Solana ecosystem was the best choice for crypto traders looking to find an alternative to the.
Its system may be fast, but the SolChicks community’s hype took Solana off guard with its incredible demand.
Users also noticed a substantial increase in the $CHICKS market capital and on-chain activity after TGE. A market capitalization of $4B indicates that there was a 71% increase in 24 hours. This puts it amongst the ranks of MANA ($5B), and SAND ($4B). While each token was initially priced at $0.05, it reached highs as highs of $0.80.
SolChicks also apologized via a Twitter:
(Thread 1/2). CHICKS ARE TAKING SOLANA DOWN
Sorry for this inconvenience, but thousands are trying to purchase $CHICKS. Raydium has also crashed. SolScan seems to be having trouble loading our contract address. pic.twitter.com/WX0uqKlgZR
— SolChicks (@SolChicksNFT) December 13, 2021
Solana, on the other hand, addressed the problem by saying:
Our network experienced an unexpected slowdown due to the huge amount of traffic for $CHICKS. Solana is an upcoming and new chain. It is always striving for perfection, and continues to innovate through significant and regular patches in order to provide the best fees. The 1.9 patch should address these and any other problems that may be affecting the ecosystem. The trilemma will be solved. We are excited to take one step closer. SolChicks is happy to share that $CHICKS now has a MEXC and Raydium presence and tokens can still be claimed.
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