People always ask me why I don't like SOL?

Because it was originally a scam chain, and there is a lot of information blocked by the relevant team. Here are some simple ones. You can search for more details.

Let's talk about the lies of SOL (Solcoin) first

Solana team discloses token supply discrepancies: reveals the participation of institutional market makers

The Solana team claimed that its total circulating supply in April 2020 was 8.2 million tokens.

However, a third party discovered a wallet in which an additional 13 million tokens were stored. This discovery has caused heated discussions.

According to Solana, these additional 11.3 million tokens were loaned to "market makers". This has attracted widespread attention because these market makers are believed to be Alameda Research and FTX, reported by Sam and Caroline.

This incident is regarded as the first time that the Solana team has publicly demonstrated the transparency issues in its project.

The second highly controversial episode occurred in 2021, where the $SOL token price climbed dramatically, dubbed “Fugayzii” or “FAKE”, and was actually a scheme by two brothers.

What did these “schemers” do?

A: They created 11 separate developers with different identities who appeared to be working on different projects. Their interconnected network of protocols resulted in billions of double-counted value on Solana. 70% of SOL TVL at its peak.