Scandal and disappearance of funds shake investors' trust in Solana
Source: CoinWorld
Time: 2025-09-09 22:22:49
Solana faces scrutiny over allegedly a $800 billion fake transaction scandal, raising concerns about market integrity. On-chain analysts pointed to suspicious trading patterns, which may be the largest on record. In addition, the Aquabot Telegram trading robot project swept away $4.65 million in pre-sale funds, and 21,770 SOLs were transferred to the exchange through intermediary addresses. The high-profile endorsement of platforms such as Meteora and Helius has been criticized for lack of accountability. Meanwhile, Solana's price is testing the critical $197.64 support; breaking below this level could intensify volatility, while holding the currency may push it to $215.