Not long ago, some noted Web3 personalities poked fun at Solana for its massive market cap drop after its association with FTX became public. But recently, the blockchain has made a surprising comeback, and Satoshi Stacker, a crypto influencer, decided to joke about Jim Cramer’s comments from last month, where he implied that investors who owned SOL tokens were foolish.
Noted Chinese journalist Colin Wu divulged that the Solana Foundation Public RPC endpoints and Mainnet beta Explorer are temporarily inoperative while an upgrade to the RPC node software is being implemented, following the detection of a bug in a recent trial version.
Wu also mentioned that the maintenance did not have any effect on block production or the Solana network. Alchemy.com defines Remote Procedure Call (RPC) as a lightweight communication protocol that enables a program on one network to interact with a server hosted on a different network without having knowledge of the particulars of the server’s network.
Last week, while the crypto market experienced no major price changes, Solana blockchain, which many crypto investors anticipated would decline this year, experienced a remarkable increase. According to CoinMarketCap, Solana advanced two spots on the list of top cryptocurrencies by market capitalization and is now at the 14th spot, after having gained more than 40% over the past seven days.
SOL tokens are now priced at $13.69, having hit a low of $8.14 in December. During a 24-hour trading period last week, traders exchanged more than $1.5 billion in SOL tokens, causing a remarkable 186% increase in volume. Prior to this, many well-known Web3 figures had made fun of Solana’s market value crash, which resulted from its affiliation with FTX. In the light of Solana’s unexpected comeback, Satoshi Stacker, a crypto influencer, jokingly referred to Jim Cramer, a famous crypto opponent, who last month said that investors possessing SOL tokens were foolish.