Solana (SOL) Official Account Post Sparks Controversy Among Crypto Community

SOL

SOL/USDT

$88.53
+2.64%
24h Volume

$3,875,175,794.90

24h H/L

$89.20 / $86.02

Change: $3.18 (3.70%)

Long/Short
76.5%
Long: 76.5%Short: 23.5%
Funding Rate

-0.0160%

Shorts pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$88.49

1.03%

Volume (24h): -

Resistance Levels
Resistance 3$113.8728
Resistance 2$100.5725
Resistance 1$93.5288
Price$88.49
Support 1$87.525
Support 2$81.3658
Support 3$67.50
Pivot (PP):$87.9733
Trend:Downtrend
RSI (14):30.8
(04:44 PM UTC)
2 min read

Contents

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  • The cryptocurrency market is abuzz with the latest developments surrounding Solana (SOL).
  • Recently, Solana’s official account shared a promotional video featuring Nigerian singer Davido.
  • This move has sparked controversy due to Davido’s previous involvement in several Ponzi schemes.

Solana Faces Backlash Over Controversial Promotion Featuring Davido

Solana’s Controversial Promotion

Solana’s official account recently posted a promotional video featuring Nigerian singer Davido, aiming to highlight the Drip NFT platform. This move has drawn significant criticism from the crypto community, given Davido’s controversial past.

Davido’s Troubling History

Blockchain detective ZachXBT was quick to point out Davido’s involvement in multiple Ponzi schemes, including RapDoge, Echoke, and Racksterli. These schemes have reportedly defrauded thousands of investors, raising questions about Solana’s decision to associate with him.

Community Reaction

The crypto community has expressed strong disapproval of Solana’s promotion. ZachXBT highlighted the risks of endorsing celebrities with dubious backgrounds, emphasizing that such figures are often interested only in quick financial gains with minimal effort.

Conclusion

Solana’s recent promotional strategy has sparked a heated debate within the crypto community. The backlash underscores the importance of due diligence and the potential repercussions of associating with controversial figures. As the crypto market continues to evolve, stakeholders must remain vigilant and prioritize transparency and integrity.

DK

David Kim

COINOTAG author

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