Talk:Solana (blockchain platform)

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

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Media mention

Latest comment: 6 months ago1 comment1 person in discussion

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

Latest comment: 5 months ago5 comments2 people in discussion

> 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

Latest comment: 17 days ago6 comments4 people in discussion

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

Here's another article that mentions a more up-to-date market cap of $82b.

https://www.ft.com/content/d37543d9-fe2f-43f5-986a-df37ea7f99d8 Aarongillett (talk) 17:39, 16 November 2024 (UTC)Reply

This Reuters article published 4 months ago mentions a more recent price of $137 (though the current price according to independent price feeds on Coingecko, Pyth etc. is ~$215). https://www.reuters.com/technology/cboe-files-sec-approval-list-solana-etfs-starts-clock-required-decision-2024-07-08/

If editors are unable to maintain this section, or respond to comments here in a timely manner (6 months since a suggested update) it seems better to remove this section so readers aren't given outdated information. Aarongillett (talk) 17:57, 16 November 2024 (UTC)Reply

Many business or financial news outlets will mention the price whenever they mention a security, but we should not use such mentions to stitch together a history ourselves. The sources currently cited in the section are specifically about major price movements - and those are the only sorts of events that should be covered. MrOllie (talk) 18:00, 16 November 2024 (UTC)Reply

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