
Ben Armstrong Spreads FUD Calls on Solana, Asking Traders to Run
- BitBoy crypto influencer spreads FUD statements in regards to the Blockchain.
- Armstrong mentioned, ‘Solana is lifeless’ no different method to save the community.
- Nevertheless, 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 in regards to the Solana Blockchain. Early at the moment on Twitter, Armstrong asserted that Solana was lifeless and that there could also be no different method to save the community.
Nevertheless, in keeping with the influencer, the NFT neighborhood will be the final stand giving upcoming product launches.
Solana is lifeless of us. I’m sorry there no different means round it. The NFT neighborhood will be the final stand. I hate it for these of us. And the individuals who constructed on it.@VoomioNFT will likely be launching with $ETH, $MATIC, $ADA, & $SOL so we hope the NFT neighborhood festivals respectable right here.
— Ben Armstrong (@Bitboy_Crypto) November 26, 2022
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 lovers holding on to the Solana native token SOL ought to tackle their hills and dump the coin.
Each time the Solana blockchain paused… it was really Alameda Analysis laundering cash and brute forcing transactions. There are others on the market receipts. And if you consider it… understanding what we all know now, does this shock anybody?If you’re in $SOL, run for hills
— Ben Armstrong (@Bitboy_Crypto) November 26, 2022
Opposite to Armstrong’s claims, the Solana coin seems to be in a constructive mild, given its present value motion, in keeping with knowledge 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 complete market cap.
Regardless of its 24-hour buying and selling quantity taking place by over 25%, the coin gained 3% in opposition to (BTC) and (ETH). Among the many high 20 cryptocurrencies by market cap, the SOL coin was the third-best performer beneath a seven-day window after (BNB) and (LTC).
Notably, the collapse of the FTX trade contributed considerably to the decreased value of SOL. A couple of years in the past, Solana raised about $300 million in a non-public Preliminary Coin Providing (ICO) from a number of non-public funding corporations, together with Alameda Analysis. In return for taking part within the fundraising spherical, Alameda earned a stake in a section of SOL.
Nevertheless, crypto analysts have argued that Alameda Analysis offered a major chunk of its SOL holding to stabilize the falling FTX token.
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