Ben Armstrong Spreads FUD Calls on Solana, Asking Buyers to Run
- BitBoy crypto influencer spreads FUD statements concerning 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 concerning the Solana Blockchain. Early as we speak on Twitter, Armstrong asserted that Solana was lifeless and that there could also be no different method to save the community.
Nevertheless, in line with the influencer, the NFT group often is the final stand giving upcoming product launches.
Solana is lifeless people. I’m sorry there no different means round it. The NFT group often is the final stand. I hate it for these people. And the individuals who constructed on it.@VoomioNFT shall be launching with $ETH, $MATIC, $ADA, & $SOL so we hope the NFT group festivals first rate 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 optimistic mild, given its present worth motion, in line with 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.
Regardless of its 24-hour buying and selling quantity happening by over 25%, the coin gained 3% towards (BTC) and (ETH). Among the many prime 20 cryptocurrencies by market cap, the SOL coin was the third-best performer underneath a seven-day window after (BNB) and (LTC).
Notably, the collapse of the FTX alternate 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 non-public funding corporations, together with Alameda Analysis. In return for collaborating within the fundraising spherical, Alameda earned a stake in a section of SOL.
Nevertheless, crypto analysts have argued that Alameda Analysis bought a major chunk of its SOL holding to stabilize the falling FTX token.
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