Why SOL is Crashing Hard Right Now?

Solana is facing a major sell-off, and the reasons behind it are becoming clearer. Recent revelations have exposed serious issues involving key players in the ecosystem. The co-founder of Meteora has been linked to Hayden, the same individual responsible for the $100M LIBRA rug pull. They’ve reportedly worked together on multiple memecoins, including Melania, with a lot of shady activity happening in the background. In response to the exposure, the Meteora founder has stepped down.

Adding to the chaos, DeFi Tuna has leaked screenshots and other evidence showing that previously trusted figures in the space have been involved in questionable activities. Jupiter, Meteora, and several major market makers are now under intense scrutiny. Reports suggest that this group of insiders has collectively pulled off over $300M in rug pulls in just the past few months.