Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
Share
bitcoin
Bitcoin (BTC) $ 80,796.00
ethereum
Ethereum (ETH) $ 2,346.96
tether
Tether (USDT) $ 0.998841
bnb
BNB (BNB) $ 744.47
usd-coin
USDC (USDC) $ 0.999352
xrp
XRP (XRP) $ 1.32
binance-usd
BUSD (BUSD) $ 0.996738
dogecoin
Dogecoin (DOGE) $ 0.078561
cardano
Cardano (ADA) $ 0.204981
solana
Solana (SOL) $ 101.14
polkadot
Polkadot (DOT) $ 0.996978
tron
TRON (TRX) $ 0.331007
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Mycryptopot > News > Crypto > Solana > Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
Solana

Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop

October 29, 2024 3 Min Read
Share
Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop

Contents
Downtime amid airdropTalked about on this article

Pockets supplier Phantom providers skilled almost three hours of downtime on Oct. 28 amid customers’ rush to assert GRASS tokens. Customers on X reported lacking balances and an lack of ability to carry out transactions.

In response to Phantom Standing, a serious incident with the pockets’s again finish made the service unresponsive at 1:36 P.M. UTC and went again stay at 4:20 P.M. UTC. That is the second time Phantom providers have gone down this month, with an 8-minute shutdown reported on Oct. 3.

After resolving the problem, Phantom shared on X that its staff would “proceed to actively monitor the scenario,” including that vital steps could be taken to stop related points.

Furthermore, Phantom reported 12 main backend incidents in 2024, 7 of which occurred on Feb. 1, totaling almost one and a half hours of downtime. Two days later, on Feb. 3, the pockets supplier reported delays with token balances.

As of April this 12 months, Phantom reported 7 million customers, shortly making the scarcity noticeable to Solana customers. 

In the meantime, the Solana community’s techniques remained totally operational when Phantom went down, as Solana Standing knowledge exhibits whole uptime for the previous 90 days.

Downtime amid airdrop

Notably, Phantom’s points began six minutes after the declare of GRASS tokens went stay, prompting observers to tie each occasions as customers went to gather their rewards for interacting with the protocol.

The tokens are native to the Solana-based decentralized bodily infrastructure (DePIN) community Grass and are utilized to reward customers that lend unused web bandwidth. The community capability is then used to coach and fine-tune synthetic intelligence fashions. 

The official Grass documentation reveals that 100 million GRASS tokens, representing 10% of the availability, shall be distributed on this first airdrop.

GRASS’s value has fluctuated right now. One hour after its launch, it fell 28% to achieve $0.65 and has recovered 9% since then. In response to knowledge from CoinGecko, the token is priced at $0.71 on the time of writing.

Talked about on this article

You Might Also Like

Bitcoin Thesis Could Break: VanEck CEO Hints At Exit If Quantum Tech Advances

Can Asia’s mid-caps absorb 30% of new BTC supply?

Bitcoin ETFs are $5 billion away from a new flow record after a brutal 11-month reset

Bitcoin Financial Services Firm Fold Set to Unload $250 Million on BTC Buys

Champions League finalist PSG confirms Bitcoin treasury, looks for Web3 builders

TAGGED:CoinscryptoDePINSolanaSolana AnalysisSolana News
Share This Article
Facebook Twitter Copy Link
Previous Article Shiba Inu Blockchain Shibarium Welcomes NFT Bridge Feature Shiba Inu Blockchain Shibarium Welcomes NFT Bridge Feature
Next Article Coinbase CEO urges next SEC chief to apologize for crypto crackdown Coinbase CEO urges next SEC chief to apologize for crypto crackdown
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -

Popular News

SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Editorial collage showing Polymarket’s five-minute Bitcoin contract using separate Chainlink opening and closing 60-second TWAP chambers, with the old snapshot rule retired.
Polymarket reforms Bitcoin contracts and Binance trading spikes immediately drop
Editorial collage featuring a fractured Bitcoin symbol, conflicting BOLT11 payment hashes, Lightning servers, and withdrawal records.
Lightning tightens invoice rules after reported attack made Bitcoin withdrawals look unpaid
PrimeXBT Brings Tesla, SpaceX, NVIDIA and More to Crypto Futures with New Tokenised Stocks
PrimeXBT Brings Tesla, SpaceX, NVIDIA and More to Crypto Futures with New Tokenised Stocks
Editorial collage depicting a Bitcoin freight truck unloading valuable cargo as a mining worker receives comparatively few coins.
Bitcoin moves over $5 billion in value but miners collect just $185,000 in transaction fees
- Advertisement -

You Might Also Like

Gino Matos
Bitcoin

A flaw in Coldcard seed generation lets attackers recreate private keys from the press of a button

July 31, 2026
Core Lightning patches critical security flaws and a Bitcoin payment bug
Bitcoin

Core Lightning patches critical security flaws and a Bitcoin payment bug

October 9, 2026
Ethereum Treasury ETHZilla’s Holdings Surpass 102,000 ETH
Ethereum

Ethereum Treasury ETHZilla’s Holdings Surpass 102,000 ETH

August 26, 2025
binance coin bnb
Solana

India Replaces US Dollar-Based FPI Registration Fees with the Rupee System

July 9, 2026
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

ADI Foundation and H2O Hospitality Partner
Ethereum just touched $1,500. Is $1,000 next?
Bluwhale AI Taps MelosBoom to Redefine Web3 Musicverse with DePIN and AI

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?