There's always someone asking me why I don't have a good opinion on SOL?
Because it was originally a scam chain, and a lot of information has been blocked by the related team. Below are some simple points; everyone can search for more details to understand.
Let's talk about the lies of SOL (Solana coin).
The Solana team disclosed the difference in token supply: revealing institutional market maker participation.
The Solana team claimed that its total circulating supply in April 2020 was 8.2 million tokens.
However, a third party discovered a wallet that held an additional 13 million tokens. This discovery sparked heated discussions.
According to Solana, these additional 11.3 million tokens were lent to "market makers." This raised widespread attention since these market makers are believed to be Alameda Research and FTX, as reported by Sam and Caroline.
This incident is seen as the first public demonstration of transparency issues within the Solana project by the Solana team.
The second major controversy occurred in 2021, when the price of the $SOL token skyrocketed, humorously referred to as “Fugayzii” or “FAKE,” which was actually a scheme proposed by two brothers.
What did these “planners” do?
Answer: They created 11 independent developers with different identities who seemed to be working on different projects. Their interconnected protocol network resulted in billions of duplicated computational value on Solana. 70% of SOL's TVL was at its peak.
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