Solana & its ecosystem of altcoins are making people very rich!! Many expect this to continue into 2024 but the truth is it likely won’t!! Today I reveal how Solana is just a centralized database controlled by a few whales. They control the chain and validation of blocks. These whales are moving into altcoins to run rampant pump and dumps!! Who are these whales & which altcoins? Tune in to find out…
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⏰ Time Stamps ⏰
00:00 Intro: The “Decentralization” of Solana
00:51 Solana is known for the blockchain seizing to run
02:26 A few whale validators control Solana’s blockchain production (& lack thereof)
07:31 Sponsored Segment: 5IRE
12:39 Solana is pumping token supply to pay early VCs their staking rewards
14:20 Chamath Palihapitiya admits to pump & dumping SOL
15:14 Chamath’s more sinister pump & dump play
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*Disclaimer*
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.