Why Solana keeps falling?

The collapse of LIBRA coin was not the only event that hurt Solana's reputation. Other incidents, such as network outages and technical difficulties, have also contributed to the decline in trust. These issues have highlighted the challenges faced by the Solana network in maintaining stability and reliability.

Reputational Risk is a significant factor that has been identified as a contributor to Solana's recent decline. The cryptocurrency market is highly sensitive to public perception, and any negative events can have a profound impact on a project's reputation.

In recent times, Solana has been hit by a series of unfortunate events that have tarnished its image. These events have raised questions about the stability and reliability of the Solana network, leading to a loss of trust among investors and users.

One of the notable events that contributed to Solana's reputational damage was the quick rise and fall of the LIBRA coin. This coin managed to accumulate a value of more than $4 billion in a short period but subsequently lost over 90% of its value. Such a dramatic drop in value raised concerns about the volatility and risk associated with investing in Solana-related projects.

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