Is Solana A Scamchain?

Solana has been one of the top narratives during this cycle. Now that it’s been 100% confirmed that it’s a rigged casino, will users and speculation flow back to Ethereum?

Picture made from Venice.ai

I’ve been a Solana hater for a while. I have always felt that it was built on scams and has hurt ordinary crypto investors. SBF’s association, the forced selling of SOL tokens by FTX holders, and the discounted SOL sold to VC firms (that begin unlocking in March) leave a foul taste in my mouth.

However, Coffeezilla's most recent interview, linked below, illustrates how rigged the Solana casino is.

If you aren’t familiar with the $LIBRA launch, it was a memecoin launched on behalf of the Argentinian government and promoted by Argentina’s president Javier Mille. Unfortunately, the project scammed investors, and the resulting losses can be seen below.