Solana (SOL) Has 'Far Too Many Red Flags,' Seasoned Investor Says

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Solana (SOL) Has 'Far Too Many Red Flags,' Seasoned Investor Says
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Solana $SOL has 'far too many red flags,' Justin_Bons claims Solana SOL

Then, the Solana team repeatedly released false statements about SOL's actual circulating supply. Mr. Bons recalled a SOL wallet with 13 million tokens unveiled by a third party.

Also, he added that Solana's statements about an unbelievably high peak throughput of the blockchain are very far from being true.The very design of Solana's proof of history consensus doesn't look innovative to Mr. Bons. As Solana's next block producer can be predicted, the blockchain becomes prone to a 51% attack combined with an attack against validators.is just an attempt by Solana's team to pivot and"cash out.

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