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#BreakingCryptoNews : Crypto Millionaire Spotlights Rumors Of Solana Under Investigation📉
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👨🏻💻 Rumors of Investigation
- Crypto influencer Crypto Bitlord claims Solana (
$SOL ) is under investigation.
- Speculations have been building for weeks, causing skepticism within the Solana community.
📊 Market Reaction
- Solana's price dropped nearly 8% to $124 amid the rumors.
- $10.75 million in long liquidation for SOL as investors panic sell.
🤼♂️ Comparison to Ethereum
- Mirrors Ethereum’s recent scrutiny by the SEC, which closed a 14-month investigation.
- ConsenSys confirmed ETH sales are not securities transactions.
😳 Community Concerns
- Solana community largely dismisses the investigation rumors.
- Shiba Inu’s marketing lead warns of hacked accounts posting SOL addresses.
🤔 Crypto Bitlord’s Controversial History
- Notable early crypto adopter with a history of supporting various projects.
- Faced accusations of a rug pull with the $5 million MOLLY project.
👨🏻⚖️ Regulatory Challenges
- Faces scrutiny amid 3iQ’s Solana Fund application in Canada.
- Highlights ongoing regulatory challenges in the crypto industry.
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