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Helen_Rose
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Bull target this cycle: I'm thinking $3.5 on the low side, $10 on the high side.
What do you think?
#COSSocialFiRevolution
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#MileiMemeCoinControversy Solana's reputation has taken a hit due to its association with scams, particularly meme coin scams. The recent drop in SOL's price to $189, a 3% decline, may be attributed to the negative sentiment surrounding the platform Argentine President Javier Milei is facing fraud charges for promoting a crypto rug pull, specifically the Libra coin, which erased $4.4 billion in market capitalization within hours of launching . This incident has further tarnished Solana's reputation. Critics argue that Solana's leadership has been too passive in combating scams, in contrast to Ethereum's Vitalik Buterin, who actively opposes fraudulent activities ³. However, some defenders, like Mert, CEO of Helius, suggest that the high number of scams is a byproduct of Solana's scale rather than an inherent flaw Despite these challenges, Solana continues to show strong technical performance, with high developer activity and robust platform usage . However, investors are advised to exercise caution and do their own research (DYOR) due to the lack of oversight in the crypto space, particularly on Solana.
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