CZ's Struggles Could Spell Trouble for Solana

There are some allegations of fraud surrounding Solana and CZ, the CEO of Binance. However, it is important to note that these are legitimate allegations and have partially proven in court.

One allegation is that CZ and Binance manipulated the price of Solana tokens. In 2021, Binance listed Solana on its exchange and began offering margin trading for the token. This allowed traders to borrow money from Binance to buy Solana tokens, which could then be used to further speculate on the price of the token. This allegedly led to a pump-and-dump scheme, where CZ and Binance artificially inflated the price of Solana tokens before selling them off for a profit.

Another allegation is that CZ and Binance conspired to insider trade Solana tokens. In 2021, CZ tweeted that he had bought Solana tokens, and the price of the token immediately surged. This allegedly gave CZ and Binance an unfair advantage over other traders, as they were able to buy Solana tokens before the price increased.

These allegations along with CZ's repeated recent involvement in money laundering scandals could erode confidence in Solana and lead to a significant drop in the token's price.

It is important to note that cryptocurrency market is still relatively new and unregulated, and there is a risk of fraud and manipulation.

Order cancelled:

seems we are wrong, lets wait

Trade active:

lets go give it another try.

Order cancelled:

I have given up.

Comment:

this can make a new high