Solana (SOL), the native cryptocurrency of Solana, had a big surge on Nov 5 and leaped nearly 15% after a tweet from Google Cloud tagging the blockchain’s co-founder Anatoly Yakovenko that created suspense about an important disclosure.
SOL’s price crossed the $38 mark on the news Google cloud would be working as the validator of the Solana network.
“Hey @aeyakovenko,” the cloud-services giant tweeted Saturday, “Should we tell our followers the big news?”
An hour later, Google Cloud let out the secret in another tweet. “Google Cloud has been running a block-producing @solana validator to participate in and validate the network.”
Solana block chain is famous for its high speeds and lower transaction costs compared to Ethereum. Hailed as the seventh largest cryptocurrency, Solana holds a market capitalization of $11.5 billion and a price level of $32.
Latest updates say that Solana (SOL) trading volume surpassed $3 billion and the price showed a strong uptrend.
It may be recalled that German data center provider Hertzner had deleted 1000 Solana validators from its system, citing policy violations.
However, Yakovenko, the blockchain network’s CEO was assuring that everything will be fine and there will be no more interruptions until the end of the year as he has robust plans at hand.
Yakovenko has been reassuring that the forthcoming validator will ensure Solana’s seamless service across its network. The Google cloud services tweet has come as a shot in the arm and excited investors causing a sudden price spiral.