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Solend a decentralized loan project build on solana network almost create what could have been another sad story in the development of crypto currencies  but wisdom from solana government and voters safe the day. We could have had the same story of Luna in our hand if not decisions to stop whales from dumping. Good one from solana team.

They just lucky and some retailers are after the possible long position on the news. But the btc movement isnt good actually so they are still at risk. What I dont like is they can such do a counter on a decentralized force that whales brought in. If he wants to liquidated with a decentralized platform, it should be on his right to do it right?

I think the people behind the project knows what gonna happen to them if they don't take any actions as the whales are going to manipulate the price and yeah, maybe pull the price to it's knees that it will go and crash and another sad story for crypto enthusiast.

Not to rub it in though, just shows how strong bitcoin's decentralization though as it can't be manipulated by anyone. But for sure their actions might not sit well with the very foundation that is crypto.

In the long run, the blockchain has proven to be a trustless technology that can work in the real world without a central authority. It has been tested and is getting stronger every day. No doubt it will all end on a decentralized network. Solana by design was not to be centralized. So if the government dumped big bucks they would have still survived and  There is no one word to describe the crash today. In my opinion, The project is dependent on all parties involved. I hope this will be the paradigm for all crypto projects in the future.

https://decrypt.co/103489/solend-whale-108m-loan-nearly-crashed-solana
How a Solend Whale With a $108M Loan Nearly Crashed the Solana Network
A Solana whale nearly drained a liquidity pool, and it would have caused some major ripples—let’s dive in.

I did not understand how developers will solve problems with the limitation of deposits in a decentralized protocol. You can use multiple wallets, and all the risks are borne by the vault owners.

I think you missed the point, they wouldn't survived if the whale with that huge $100 m loan will simply crash the market fo Solana. So there's no doubt about it, SOL will be liquidated and then it's price will go down very hard.

Another good read here: https://bitcointalk.org/index.php?topic=5403421.0

So at least have BTC in our wallet, in case something catastrophic happen like this again, (first one is Luna).

LUNA was different case. Luna was about the failed mechanism that already deployed by the developers unlike solana which aws only focusing into the blockchain development but luna was also creating a garbage stable token that scammed thousands of people in the world.
you can't compare luna with solana. Both were actually different case and you shall take a look at what the main concerns that have been making luna dumped until zero value.
Both were not the same and it's impossible to compare both.

solana's luck has run out for now. But no one knows that this will not happen in the coming days or periods. Because what and who has been ruined by money so that it will not destroy us. After this instructive luck, I think the solana team will no longer risk their chances by taking better steps. But I expect a sharp rise and a sharp fall from solana. I can't comment much after that because I'm looking forward to the next one too.

Humans will always be humans, the moment a project start having an issue they will stop following such project and start calling it names, it is normal to protect your funds but not all projects that have one or two issues at the beg of it's journey will end up in a trash bin.

What you are saying was not even matched with the fact that came from solend. It's just the matter of time until solana may face another huge dump when the next bearish trend will occur again anytime. I meant if you shall see how market is not yet recovered. Solana was not survived from the crash. So many times this coin is slowly going down due to the outages but the bearish trend was also creating another problem for its dapps. I think that you're too early to judge this is still survive during the bear market when the fact said the opposite thing

I always look at Solana as a good project if not great.  Developers have wisdom in implementing things and that is what lacking in Luna, Luna does not intend to stop whales instead they encourage them to dump when they increase the daily emission of Luna Token way back then.


What are you trying to say?  Can you explain further?  Your reply is quite confusing and each sentence is contrasting with each other.  


I wholely agree that Luna developer's previous action was like scamming people of their money through exponentially increasing the daily emission of Luna token and worst the hardfork making LUna Classic worthless.

As we know, not all projects will gonna fall once they reach the dead end because some of them have their own plan B as well when they didn't hit the road maps. Maybe Solana will gonna be different in the next months to come because they really need some serious development and updates to survive the tight competition in the crypto market nowadays. When the team behind it has all the aspects of true to their words, expect the project to prosper in the future after they developed and build their project.

Solana has been following the road maps and its one of the leading projects of 2021. I believe manipulators using solana blockchain network were behind what could have been disastrous for us. Luna was not careful enough and whales were able to destroy it but solana voted to hut what could have  created great liquidity.

It's awesome to see that Solana took a different approach and was able to get the best results for the community. It's understandable to say that since it was a decentralized platform, the whales have the right to do as they please. But that would be injurious to the community and the democratization of the process is a great strategy for the Eco system.

Well, Solana was differ into LUNA anyway, SOL is very, very far from LUNA.
By the way, I had no doubt about SOL, in fact, I have few of it to hold in the long term actually.
And if you're gonna check for what happened to SOL is actually look cool according to this
source: https://decrypt.co/93375/solana-leads-recovery-crypto-crash


I also had no doubt at SOLANA, this was one of the good choice to hold in the long term honestly speaking.
Aside from its decentralized network, SOL has also a features in terms of games where they had a strong community
at play2earn games as well.

Do you mean that proposal where all the Solana holders could vote if a huge whale basically gets taken away his funds because otherwise he would have the power to basically bring the whole project down if he would have decided to sell sometime in the future? If i remember correctly a overwhelming majority voted which is no surprise because it was good for the network as a whole. I still don't know though what happends to the funds of that big whale. I mean they can not just take it away from him right? If that would be the case then this would be extremely unfair and also a very bad message for everyone that is interested into crypto.

It is a decentralized protocol. If the rules change during the game, then this is a centralized protocol. The big whale posted a deposit and took the stablecoins or other coins. It may not be profitable for him to take these coins, because he can buy more solan coins if the price drops. This is the problem with decentralized protocols. You deposit expensive collateral coins when the price is high and the risks are borne by vault holders.

It will recover but the bear market will continue. I don't say Solana will not reclaim $100 or $200 in next bull market but I think it will be wiser and better if you sell it in a peak of this recovery. And you can wait a bear market goes, you will have lower price to buy Solana.

And you can hold it, back to your holding plan. I don't tell you that you should leave it forever, just temporarily exit and wait for discount to buy it back.

From here we have learned a lot about that. There's no decentralized procol and defi was not even exist these days. These are only centralized protocol that awas trying to fool people by spreading fake news about being truly decentralized protocol. People are feeling doubt about defi these days caused by so many cases were coming since the bearish trend has beens started just like lack of liquidity, bankrupt, got margin call, hacked and many more.
Cefi wasnot a safe place to hodl our money.

Solana's team did seem to work professionally in overcoming their problems. They must have anticipated that what happened to LUNA might happen to them in the future. But miraculously they emerge from the terrible future that nearly destroyed Solana. I think now Solana deserves to be the best in the top five.

Taking over someone's account is a pearl of wisdom? I don't think so.

The consequence is irrelevant, the platforms are built within the fragile platform, and there are no such things as emergency or for the sake of greater good either for Solana or UST. The problem is not whether it's some whale account or a regular small user, but the decentralization that it promised. The platform is implicitly stealing and guess what, the majority of the user are in favour of it.

Too soon to say Sol has survived the crash or gotten out of it. Try to zoom out the chart to see Sol ain't really did better compare to the rest of crypto. One thing is for sure, Sol market now did indeed have a lot of volatility, should watch out.

Solana from its chart, still more or less following the trend of btc, it even has its correction that causes it to lose majority of its value, I doubt it could be said that they succeed overcoming against the current trend.
Instead, solana is just like any other altcoins, just like ETH that also have massive correction after luna disaster further push the significance of the trend.
Although it could be said that solana still better off than most of the altcoins out there.

They have good foundation to begin with, so even if they suffer loss in this period, they can get back again as for me, they are not an empty project. They do have real use case and that's the reason why some projects are using their network. When btc starts to rise again, I think, SOL can keep up with the btc market. But of course, if you are a holder, better keep an eye in terms of their developments. At least check if their targets are moving.

As long as the team won't give up and is still committed to supporting their project in this challenging situation, there is no way it won't recover.
I believe that Solana had something to prove to us. The market crash is just a tool for us to see which project would stand still and I know Solana has the capabilities to do it. Well, of course, that also with the help and trust of the investors but this will also depend on how the developers work on their job.

And besides, it is quiet to see movements in Solona's prices, a certain indication that there are buying and selling activities which means, trading is still alive and kicking.
Luna is going dead while Solana still has a bright future.

Honestly this case is still in prevention in my opinion, and the main problem has not really been resolved as far as I have observed, defi is so scary when whales have played their part to get what he wants, I hope there are no more cryptos that are already in the top 10 CMC is experiencing a meltdown like Luna because it will destroy the crypto image that has been built for years.

I think all cryptocurrencies were affected by the bitcoin price collapse some time ago because indeed all price movements depend on bitcoin price movements, while solana's collapse is not too deep because I think the developers understand that and provide very strong support to keep the price stable.

https://www.coingecko.com/en/coins/solana
250$->35$
86% price drop, that's a very big drop.
Most of the coins are held by foundations, so they have made good money on such a pump and may soon be buying up coins for a new pump.

Basically, recent times are not a very good time for many people who are investing in cryptocurrencies. Not only SOL, but many other coins are in the same situation. But some cases like Solend make me feel more suspicious than DEFI's nature with the platform. Speaking of SOL, I don't think they're too bad when it comes to what has happened. It's understandable that things will continue, and the development team will fix it to bring SOL back and stronger in the future. I'm not a huge fan of it, but to be honest with what I've experienced using and holding some coins on the platform, SOL brings joy to some people, and also sadness to others. This, as well as a slew of other coins, are doing to investors and users.

Yup, most of these foundations did really make a lot of money from the pump, and those that have good intentions as a foundation will come out. But those that have ill intentions will come out as what they really intended to be. Soon, the bull run will come again and those that are just waiting for that signal will buy before the huge pump that awaits. It's starting to become a trend these days with these projects that have been at the top and starts to show how they struggle.

That's what Bitcoin is like and it's common knowledge that the price movement of other coins depends on the price of Bitcoin,
other than that need to be grateful also that Solana has an amazing developer,
Let's see what developers will do to make Solana's price rise again

Last year Solana had a price at a high level of $250, and now it is only at $38,
is this what Solana means to survive the bear market? only SOL has experienced this,
we can't avoid this Bear market just by holding SOL, but for the long term,
of course Solana is one of the very good altcoin projects

That's something to be wary of right now, but I'm also still not sure if Sol will get any worse because Sol's side knows that under current conditions it takes a lot of hard work to maintain the value of the product that is already in the market. So don't worry too much about this because when the market starts to improve, the Sol will also get better.

Hi,

Nice to hear that Sol has survived the expected crash.  Have you heard of $LEDU ?

Kindly join our Official channels to get updates on $LEDU

https://t.me/ledu_token

https://twitter.com/eduecosystem1

maybe you have to look at the other projects as even Bitcoin had suffered a huge dump of more than 50%. It is likely to see that the entire market is affected, nothing has been exempted. However, even seeing such a huge price deduction is not the basis to say and think that Solana will die. Investors will help to change the direction of its trend, they keep holding as a way to support the team and project development. As to the moment that Bitcoin will pump, I know Solana is on to follow like these other potential altcoins.

I see a lot of people making comparisons between SOL and Terra, but I have a different view when the recent market volatility makes us see that the Defi environment is not of the nature we think it is. In the case of SOL, it doesn't just stop with solends, but I think everything is safe for now. Just like the manipulation of some other cases, I think defeating SOL is not an easy thing after the achievements they built.

some time ago many crypto users were shocked by the news about Solana's crash, where very many crypto users including myself were selling SOL at a slightly tilted price, I did this to avoid losses due to the falling price of Solana, but what do I happen that solana survived an unlucky crash like terraluna went down almost 100%, I think it's only right that SOL survives because solana has a solid development team and community,,,,

Solana's fate was indeed very lucky, they had been warned about the unfortunate incident from LUNA so they could immediately think of the best before the same incident happened again. I'm sure with this, Solana's community will get bigger maybe they can compete with BNB in the future or even they can become the top 5 crypto coins.

I think Solana was able to get out of the pressure and big problems it's not a luck factor but because this project has a development team and which is very creative community that makes Solana successfully maintain her popularity in crypto, and I think Solana really deserves to be in the top 10 of CMC because solana has the potential and very good prospects at the moment.

It does? I mean why it survived the crash when everything shows the coins didn't really have a good network protocol which is a very important thing for crypto.

Gosh, the nerve of you still shilling your shit coin in bitcointalk after your history of scam bounty manager from his payment. Look like you also got quite an amount of karma since your shitcoin is now worth dirt cheap.

I must commend the Solana community and stakeholders in general for handling the issue with all maturity and sense of accountability. If not for the dexterity of the team, Solana could have ended up like Luna and that would have spelt doom for the project. I'm personally happy with the way things turned out and hope that other projects would learn from them.

solana is indeed a great coin with great performance though it seems they aren't really surviving the crash unscathed, you see their chart kinda resembles the chart of other altcoins in general, meaning they are still getting affected heavily by the crash.
so basically the are still crashing, but maybe their recovery is better than the other altcoins, even though from my perspective altcoin like avalanche performs better than solana honestly. I guess it's matter of investment preference.

That's a good thing for Solana. We can commend how hardworking their team might be. Surviving from any problem during this bear market is hard, many people sell their own asset without the strategy of the team and how they are going to take the risk and create plans is really hard for them for sure. I don't say that Luna didn't do their best but I don't know maybe Solend has a very understanding investors and traders.

Solana coin price drop is another chance to invest for long time holding investment, and Solana Blockchain has a future value and is the best time to invest.

I always commend them on their telegram handle. Solana community never disappoint when it comes to make decisions that help the ecosystem. I admonished others projects to learn what is happening in solana community. Luna could have been safe if the community is strong. The whales short Luna out of greedyness for gain and since they did not have Luna in mind the owner could have stop them from selling to keep Luna ecosystem alive.

If one whale can destroy the price of it, then I believe it is not a good coin simple as that. I know there are plenty of coins out there which would crash under a whales fingertips, but I do not trust them because of this very reason.

The only exception I have is BNB because that can't be crashed by some foreign whale that we have no idea about or have any connection, but I do consider CZ to be a whale, and he could crash it, so BNB has just one whale and I still support it. BTC, ETH, BNB, LTC these are it, nothing else would be a good coin in my mind to hold for 10 years or more, these four are the only ones. SOL is the least trustable one if you ask me, it looks as centralized as XRP.

As we all know, the Solana token is a layer one Blockchain whose main aim to the solve the problems experienced by Ethereum network such as slow speeds and high gas fees. Something surprising and shocking actually happened, I know that we have seen and heard of a few cryptocurrencies melted off the market due to high volatility but Solana’s token melted down to 40% all the way from 418% on the day of the crash. The good thing about the market recently is that a few of the top cryptocurrencies actually witnessed a bit of recovery in the last few hours or days.

They deserve some applauding, kudos to their team, this actually goes to show that they are really working hard behind the scenes to keep the token in seat. Currently, I guess the last time I checked, Solana was amongst the top 5 cryptocurrencies or top 10. We all know that so many other tokens crashed out of the market immediately they sensed the crash coming ;D but for one or two reasons, Solana defied all odds.

Seeing from current chart it seems they definitely aren't as strong as you imagined it to be. It quite literally have the same movement like any other altcoins out there, I see no reason to call solana survived the crash because
they have lost majority of their valuation too.
Instead, i'd definitely consider solana to be the one that could recovers quite fastly compared with other but regardless it's still following the bearish trend.

Looking at the current state of the market, you may think that the scam is crashing, but not the price that was a month ago.  It will not be like the mind, you will get BTC as a trick, so it is not likely to crash, but the situation in the current market is very bad, so invite any tokens you can think of. Thank you.

very well said, Their decision means no more trust in SOL as a decentralized chain.
Disrupting a blockchain in that way defeats the whole purpose of crypto currency’s

Just hopium and nothing more. There will be a ton of people who will say that their coin "survived" the crash, and they will try to make sure that everyone thinks they are doing alright. In the reality, nothing really survived, even Bitcoin did horribly this year and if you think that there is a coin out there which defended this fall a lot and it is not down at all, I would love to see that.

Most of the time it's all about how people are approaching bear market with a grain of salt and trying to beat others for the recovery and that's it. SOL did not survive the crash, but if everyone believes it did, then it will have an easier time recovering from this crash.

Sol truly doesn't have a bright future ahead of it. I don't get why so many guys are up to shilling this coin when outages are like a normal thing in its operation time. And now they saying this coin survived the crash when it just fall along the line like any other altcoin.

Many projects have the misfortune of dumping, they lose more than 1000% in price. In fact they did something bad to the previous coin and developed a new one. Terra and Solend I think have the same fate despite being on two different blockchains. But Solana still maintains faith in the Sol coin. Although the price of the coin is currently dropping, it is following the rhythm of Bitcoin.

The team moved quickly to recover at that time so the returns given to investors' confidence returned and it seems that Solana is now safer to enter as the data provided has put her back at a high rating and the trading volume of this token has increased again although Currently Crypto prices are likely to decline due to The impact of the decline in BTC prices but starting to get Solana tokens at a discount at a current price is still very worth it.

definitely agreed with this statement, sol isn't any better than the rest of altcoins out there instead it also loses majority of its values.
but it also makes solana a great investment alternative since it as great fundamental and also already losing big share of its value.
so the current crash could be a good thing if you want to accumulate.

Recovery of prices could really be just having 3 possible reasons;

1. Solid support into its investors
2. Some whales do make out some pump
3. Market trend

Any signs of recovery doesnt really give out assurance that it would really be having that potential but as long it does have the liquidity and volume
then its not really that a bad idea to take risk on putting yourself into position.

What i read about the issue first try to understand what's SOL {alternative OF ETH  } whereTransaction fess gas fees , speed
In every term solana is the winner
Earlier in June when we are trying to withdrawal our token in Sol Ecosystem we are facing an error like Network conjugate...
The problem occur due to the blockchain block
In that Blocks bots are regularly attacking for that reason normal users like us facing problem that's the main problem solana  price regularly decreasing it give us about more than -99% lose with its all time high of 250$ but i am happy, big exchanges like Binance helping the Sol Ecosystem in finding solutions it is also effected from the market down
Solana It is paused more than 7 time that had create decrease in volume of the blockchain and it is also created a panic situation in the community i still think sol is good project their devloper take action and lanch a plan to to overcame it but once again we can't predict the Crypto as the major drawback Most of the blockchain are in backed with stable coin and if that blockchain stable coin fall it will also destroy the blockchain Ecosystem example Luna now most of the expert giving solution to use of Electricity coin it is interesting to see how it will perform

I'm already amused that the name of this type of crypto has the name NA, the ending prefix, whatever the reason it rose from an accident or whale and whatever the reason was, what I'm sure is a little to avoid that this type of coin does not have a Max Supply value, it's easy to create thousands, SOL Max Supply No data, just like Luna.