From Pexel and Solana Twitter merged

Will Solana's downfall happen now?

By Yugocean | Crypto Champion | 27 Nov 2022


     The Solana blockchain has been promoted as the "Ethereum killer" since its inception but has been under suspicion for some time due to incidents such as wallet hacking, blockchain pauses, and VC token lockups. So the question is bound to arise: can SOL meet the same fate as Luna?



Ben Armstrong's Bold Analysis 

     Ben Armstrong, the famous Youtuber and crypto analyst who goes by the name Bitboy, has been warning people against Solana (SOL) for a while now. Although every analyst has their own opinion, Armstrong is the same person who warned people against SBF months before the collapse of the FTX empire, so this warning is being taken very seriously.



Is Solana helping Alameda?

     Bitboy also claims in its analysis that Solana is laundering money through the blockchain to Alameda Research, the infamous trading platform of the FTX empire. This can also be a big warning, if not Luna, it might fall like FTT. People have mixed responses, but, Armstrong is certain.

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Yugocean
Yugocean

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Crypto Champion
Crypto Champion

Cryptocurrency-related contents that explains the status, need, or redundancy of new and old cryptocurrencies.

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