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Solana (SOL) Rug Pull Has Begun, According To Max Keizer. The Data Says Otherwise

Jakub Motyka By Jakub Motyka Dec 27, 2023 #Solana (SOL)
Rug pull de Solana (SOL)

✍️ 27 December, 2023 – 10:22 👤 Editor: Jakub Motyka

Max Keizer, well-known Bitcoin (BTC) maximalist, recently issued a warning about Solana (SOL) on social network X ( formerly Twitter), suggesting that a rug pull was taking place, accompanied by laughing emojis.

This statement, delivered with Keiser’s characteristic irony, actually reflects a skepticism shared by many Bitcoin (BTC) followers towards projects like Solana (SOL), which present characteristics that they oppose, such as strong participation of venture capital and a higher perceived level of centralization.


Why Max Keiser Is Convinced About The Solana (SOL) Rug Pull (And Why Is He Wrong)

The price of Solana (SOL) has experienced a slight drop during specific moments in the last 24 hours, leading to Keiser to comment on the end of its price rally, hinting that large holders could be taking profits.

Gráfico con el precio de Solana (SOL) en las últimas 24 horas hoy día 27 de diciembre de 2023
Chart with the price of Solana (SOL) in the last 24 hours today, December 27, 2023.

His comment reflects a common sentiment among Bitcoin (BTC) proponents, who view the rapid growth of some altcoins with a critical eye, alerting smaller investors about the possible risks of being caught in what he previously described as “someone else’s exit scam.”

However, describing Solana (SOL) market movements as a rug pull is not necessarily accurate. The term generally refers to malicious intent on the part of developers or internals, which has so far given no clues to be the case with Solana.

In fact, the SOL token of Solana accumulated a rise of 53.85% in the last week, and an increase of more than 524% in the last 6 months.

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Jakub Motyka is an editor and cryptocurrency expert with an outstanding professional profile in the field of digital finance and blockchain technology. His career includes extensive experience writing and editing content related to the world of cryptocurrencies, covering a wide range of topics from technical and market analysis to technological developments and emerging trends in the industry.
Jakub Motyka
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Jakub Motyka

By Jakub Motyka

Jakub Motyka is an editor and cryptocurrency expert with an outstanding professional profile in the field of digital finance and blockchain technology. His career includes extensive experience writing and editing content related to the world of cryptocurrencies, covering a wide range of topics from technical and market analysis to technological developments and emerging trends in the industry.

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