Is It the End of the Road for Solana?
With the price of Solana (CRYPTO: SOL) crashing by 34% in the past 30 days, many investors are either looking for the exit or already well on their way out the door. Rocked by scandals connected to coins on the Solana platform and facing down a few macroeconomic headwinds, it's obvious that Solana's seas might be rough for a while.So is this it? Is the chain's heyday giving way to a full-on collapse? Not so fast.Solana is the biggest casino for betting on meme coins, which attract a lot of capital from retail investors, making it an appealing place for shady schemes. It has a reputation as being the go-to blockchain for doing unethical and possibly illegal activities like pump-and-dump scams and insider trading. This is a bad reputation to have.Continue reading
With the price of Solana (CRYPTO: SOL) crashing by 34% in the past 30 days, many investors are either looking for the exit or already well on their way out the door. Rocked by scandals connected to coins on the Solana platform and facing down a few macroeconomic headwinds, it's obvious that Solana's seas might be rough for a while.
So is this it? Is the chain's heyday giving way to a full-on collapse? Not so fast.
Solana is the biggest casino for betting on meme coins, which attract a lot of capital from retail investors, making it an appealing place for shady schemes. It has a reputation as being the go-to blockchain for doing unethical and possibly illegal activities like pump-and-dump scams and insider trading. This is a bad reputation to have.
