Solana survived the crash

[EmmaGod]

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.

[Teraboy]

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.

[molsewid]

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.

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.

[dlightag]

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.

[Tellek Garing]

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.

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.

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.

[jostorres]

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.

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).

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.

[justdimin]

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.

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.

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.

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 but for one or two reasons, Solana defied all odds.

[poodle63]

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.

[Juwel580]

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.

[Genamant]

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.

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

[jostorres]

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.

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

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.

[saint_casanova]

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.

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

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.

[Anonymous100]

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.

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.

[Baimovic]

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.

[shinratensei_]

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.

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.

[Oilacris]

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.

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.

[Orange89]

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

[Frengki_cisco]

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.

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.