Avalanche C-Chain Experiences Block Production Halt, AVAX Price Responds
Summary
Avalanche (AVAX) C-Chain experienced a significant disruption in block production, halting the primary network for over an hour. The interruption was attributed to a new inscription wave causing an "esoteric bug" related to mempool handling issues. The AVAX price dropped during the halt, reaching $36.13, marking a decline of over 2% in 24 hours and 11.7% in the previous seven days. The Avalanche team is investigating the issue, and further updates are awaited.
