Grape Network Closes $1.8 Million Funding Round Led by Multicoin Capital

TokenInsight news, Grape Network, a Solana on-chain social project, closed a $1.2 million funding round led by Multicoin Capital on Thursday, in addition to raising $600,000 in an IDO for its token $GRAPE. According to Grape Network, the Solana mainnet went down because too many bot buyers participated in the public offering of $GRAPE, and "400,000 transaction requests per second completely crashed the Solana network."