Solana (SOL) Rug Pull Has Begun, According To Max Keizer. The Data Says Otherwise
✍️ 27 December, 2023 - 10:22 👤 Editor: Jakub Motyka
- Well-known Bitcoin (BTC) maximalist Max Keizer has once again issued a warning on Solana (SOL), suggesting a rug pull in progress.
- Analysts answer him: the Solana (SOL) price drop does not necessarily indicate a rug pull, but rather a normal market cycle.
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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.
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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.
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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