bitcoinea

I keep reading reports and instagram posts bragging about how the Solana network managed to handle congestion caused by the Jupiter (JUP) airdrop.

The network handled it brilliantly, is what I keep reading.

I keep reading reports and instagram posts bragging about how the Solana network managed to handle congestion caused by the Jupiter (JUP) airdrop.

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The network handled it brilliantly, is what I keep reading.

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Maybe, but the platforms that Solana uses didn’t. Solflare certainly didn’t.

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That’s a bit like saying ‘the other day there was a earthquake in my hometown. But none of the lights in my house shattered or broke. The kitchen wall collapsed, but hey the light bulbs are fine’.

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This is what happened.

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Solana may have been fine but Solflare stopped working the second the airdrop launched, and it took about an hour to go back online.

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This, as you can probably imagine, cost some people some money.

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But who knows, perhaps the LA at 5 PM congestion may have helped, in the long run.

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This is because JUP briefly peaked at $2 per token and a lot of people who would have otherwise offloaded their JUP, couldn’t.

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That’s including myself, of course.

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I wanted to sell 50 percent of my allocation at $2 but couldn’t.

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And I couldn’t do it at $0.90 or $0.80 or even $0.70 because Solflare kept crashing and / or the transaction kept failing.

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So in the end I gave up, waited, and sold 25 percent, not 50, of my allocation for SOL, not USDC.

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I’m writing this at 7 AM UK time, while drinking my first cup of coffee of the day, when JUP is worth $0.59.

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Let’s see what happens next.