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bitcoin
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ethereum
Ethereum (ETH) $ 1,626.78
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 320.91
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xrp
XRP (XRP) $ 0.392913
binance-usd
Binance USD (BUSD) $ 0.99973
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Thursday, February 9, 2023
HomeCoinsAltcoinBen Armstrong Spreads FUD Calls on Solana, Asking Buyers to Run

Ben Armstrong Spreads FUD Calls on Solana, Asking Buyers to Run

  • BitBoy crypto influencer spreads FUD statements concerning the Solana Blockchain.
  • Armstrong mentioned, ‘Solana is lifeless’ no different solution to save the community.
  • Nonetheless, SOL gained 15% in seven days, with a 3.32% improve in its market cap.

Crypto influencer Ben Armstrong, the founding father of BitBoy Crypto, is spreading FUD statements concerning the Solana Blockchain. Early right this moment on Twitter, Armstrong asserted that Solana was lifeless and that there could also be no different solution to save the community.

Nonetheless, in response to the influencer, the NFT neighborhood often is the final stand giving upcoming product launches.

In one other Twitter thread, Armstrong claimed that ‘each time the Solana blockchain paused, it was Alameda Analysis laundering cash and brute forcing transactions.’ He concluded that crypto fans holding on to the Solana native token SOL ought to tackle their hills and dump the coin.

Opposite to Armstrong’s claims, the Solana coin seems to be in a constructive mild, given its present worth motion, in response to information from the market monitoring web site CoinMarketCap. The token gained a cumulative 15% improve in a seven-day window with a 3.32% improve in its whole market cap.

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Regardless of its 24-hour buying and selling quantity happening by over 25%, the coin gained 3% towards Bitcoin (BTC) and Ethereum (ETH). Among the many high 20 cryptocurrencies by market cap, the SOL coin was the third-best performer below a seven-day window after Binance Coin (BNB) and Litecoin (LTC).

Notably, the collapse of the FTX trade contributed considerably to the decreased worth of SOL. A number of years in the past, Solana raised about $300 million in a non-public Preliminary Coin Providing (ICO) from a number of personal funding corporations, together with Alameda Analysis. In return for collaborating within the fundraising spherical, Alameda earned a stake in a section of SOL.

Nonetheless, crypto analysts have argued that Alameda Analysis bought a big chunk of its SOL holding to stabilize the falling FTX token.

BitcoinMasterNews

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