• Manta Community (MANTA) value drops amid devastating DDoS assault.
• The community is experiencing longer transaction instances and elevated fuel charges.
• MANTA value reached a excessive of $2.72 after the Token Era Occasion (TGE) however fell to $2.13

Manta Community debuted its MANTA token on exchanges on Thursday, and its worth soared to over $2.72 with listings on Binance, BingX, MEXC, and extra, amongst others.

Nonetheless, the token is down 20% from its peak because the crew acknowledged a distributed denial of service (DDoS) assault. The DDoS assault coincided with the Layer 2 modular blockchain token era occasion (TGE) on January 18th. The assault flooded the community with over 135 million bogus RPC requests.

Newest data on DDoS assaults @MantaNetwork
Hey everybody, a calculated DDoS assault is happening in your community. This occurred at the very same time because the TGE occasion, 9:30 a.m. UTC. Since then, we've seen over 135 million requests hit his RPC nodes. This means that this can be a downside. pic.twitter.com/EgjUiOvRl0

— 🤓Kenny.manta 🦇🔊 (🔱,🔱) (@superanonymousk) January 18, 2024

On Friday, the Manta crew posted on X that the community was experiencing transaction delays after a DDoS assault. The platform stated a big build-up of transaction queues can be impacting fuel costs.

“Yesterday's DDoS assault brought on a big queue of current transactions to build up on the community. This will increase transaction instances and impacts fuel costs. We’re conscious of this difficulty and are engaged on an answer.t”, blockchain platform assertion Posted stated Friday.

MANTA's value had fallen to $2.13 on the time of writing.