- Solana is allegedly underneath investigation per analyst Crypto Bitlord.
- Crypto analysts and Solana holders slam the information on X.
- SOL prolonged losses on Monday, down over 15% up to now seven days.
Solana holders and crypto analysts on X slammed influencer Crypto Bitlord behind the X deal with @crypto_bitlord7 for his sizzling tackle Solana and an alleged investigation.
The analyst mentioned in a current tweet that the alleged investigation has been brewing for “some weeks now,” and the crypto group on X closely critiqued the influencer for his declare. Some analysts have labeled the declare as a hearsay and known as out Crypto Bitlord.
Alleged Solana investigation rumor or truth?
Crypto Bitlord took to X to share information of an alleged investigation into Solana that has been brewing for weeks and mentioned, “We’re listening to rumors that $SOL is underneath investigation.”
The tweet on X has invited the ire of a number of crypto analysts and Solana proponents on the social media platform.
We’re listening to rumors that $SOL is underneath investigation and an enormous case is about to grow to be public
This has been brewing for weeks now and couldn’t come at a worse time
If what we heard is true, begin praying for Solana
— Crypto Bitlord (@crypto_bitlord7) June 24, 2024
Solana not too long ago prolonged losses and famous a 15% dip in worth up to now seven days. Crypto Bitlord’s claims mixed with the worth motion of SOL gave the problem weight amongst market individuals.
Crypto analyst Evanss6, behind the deal with @Evan_ss6, believes the group is witnessing the “demise of Solana” and shared a bearish stance on the asset.
We’re witnessing the demise of Solana
The Solana Basis, underneath stress from the Feds, are unable to deploy the algorithmic buying and selling methods to defend this diagonal degree. We’re witnessing historical past. pic.twitter.com/iWwSpBx7Kl
— Evanss6 (@Evan_ss6) June 24, 2024
Luke @toroscrypto agrees with Crypto Bitlord and helps his take with a thesis from a couple of weeks in the past predicting that “Solana might find yourself as this cycle’s LUNA.”
Keep in mind my thesis from a couple of weeks in the past that #Solana might find yourself as this cycles $LUNA
Appears it is taking part in out nearly precisely as predicted. Rumours an SEC investigation and incoming enforcement from the US…
Do not say I did not warn ya
— Luke | Toros (@toroscrypto) June 24, 2024
Do Kwon’s Terraform Labs sister tokens LUNA and UST collapsed within the earlier cycle, leading to a slew of bankruptcies amongst crypto lenders.
Analyst Ricki.sol of MonkeDAO, behind the X deal with @rickicryptostix, calls the Solana investigation “nonsense” and dismisses Crypto Bitlord’s declare.
This Solana investigation nonsense is dumber than when the degen sweeper man mentioned he was going to name Interpol on his fudders.
Simply ZERO comprehension of how felony or civil enforcement works.
This dip is a present for legal professionals. (thanks, idiots)
— ricki.sol (@RickiCryptoStix) June 24, 2024
Solana Labs didn’t instantly reply to FXStreet’s request for remark.