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

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

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

Nevertheless, in keeping with the influencer, the NFT group would be the final stand giving upcoming product launches.

Solana is lifeless of us. I’m sorry there no different manner round it. The NFT group would 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 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 concentrate on it… understanding what we all know now, does this shock anybody?In case you are 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 worth motion, in keeping with knowledge from the market monitoring web site CoinMarketCap. The token gained a cumulative 15% enhance in a seven-day window with a 3.32% enhance 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 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 firms, 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 big chunk of its SOL holding to stabilize the falling FTX token.

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