Talk:Solana (blockchain platform)

This page was proposed for deletion by Xinbenlv (talk · contribs) on 1 December 2021.

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This article was the subject of a Wiki Education Foundation-supported course assignment, between 25 January 2022 and 9 May 2022. Further details are available on the course page. Student editor(s): LodFod, Meta02 (article contribs). Peer reviewers: GGLOL1600, Yuhcool.

Media mention

Not sure if a notable media organization, but it's mentioned here [1] and also there's some discussion about it on Twitter [2]. Merko (talk) 15:50, 21 May 2024 (UTC)[reply]

"causing big exchanges to liquidate their holdings" is an odd and likely incorrect thing to say

> On 11 June 2023, Solana dropped nearly 30% in one day after the SEC announced that it would make the case in court that Solana is a financial security, causing big exchanges to liquidate their holdings, including Robinhood which delisted SOL and other tokens named by the SEC in its lawsuit.

The linked sources don't say that any exchanges liquidated their SOL holdings. It's not clear what that is supposed to mean, because exchanges merely custody assets for their users.

Secondly, Robinhood is not even an exchange. ReeeeingIntoTheVoid (talk) 10:08, 16 June 2024 (UTC)[reply]

Per one cited source: Users will be able to buy and sell the tokens up until the end of June. However, come then, any existing tokens in a user’s wallet “will be sold for market value.”[3] per the other one ...which cited blockchain data to say wallets tied to Cumberland, Jump Trading and Robinhood had off-loaded a large volume of tokens to exchanges.[4] Crypto exchanges often hold crypto for many reasons. Grayfell (talk) 22:12, 22 June 2024 (UTC)[reply]

refer to my second point:

> Robinhood is not even an exchange.

If the article is to talk about this incident it should say that Robinhood delisted SOL and liquidated its users’ holdings when the deadline passed.

Your second quote also does not say that any exchanges liquidated their SOL holdings ReeeeingIntoTheVoid (talk) 14:34, 24 June 2024 (UTC)[reply]

The second source directly refers to it as an exchange: Meanwhile, Robinhood on Friday announced it would delist Solana, Cardano, and Polygon from its exchange as of June 27—another likely blow to their value.[5] Grayfell (talk) 19:16, 25 June 2024 (UTC)[reply]

Yahoo is wrong to call it an exchange but I take it you're keen on keeping it in there.

Nevertheless it is at best ambiguous and at worst misleading to describe customer funds as "Robinhood's SOL holdings" ReeeeingIntoTheVoid (talk) 04:57, 26 June 2024 (UTC)[reply]

Market value section is not maintained and should be deleted

The price of SOL has gone up a lot since the "Market value" section was last updated. I don't think anybody with edit permissions is particularly inclined to add this information to the article and frankly it's not well-written. I suggest deleting this section. ReeeeingIntoTheVoid (talk) 10:14, 16 June 2024 (UTC)[reply]

Do you have a reliable, independent source for this price increase? Grayfell (talk) 22:13, 22 June 2024 (UTC)[reply]

uh sure https://www.bloomberg.com/news/articles/2024-03-18/slerf-snap-memecoin-mania-drives-solana-toward-all-time-highs ReeeeingIntoTheVoid (talk) 14:27, 24 June 2024 (UTC)[reply]