$SOL

There are indications that manipulation of the meme coin market on the Solana network #solana has turned it into a virtual casino

leading to capital flight to other networks such as Ethereum and $BNB .

It is worth noting that the price of sol has recently dropped by 5% due to a decrease in activity on the network and the impact of the Libra memecoin story on investor confidence.

Manipulation has grown significantly due to some of the features provided by the network such as high speed and low transaction fees, which makes it ideal for meme coins.

Bundles of transactions are used to hide the intentions of sellers and manipulate prices, transactions are collected in one bundle that is executed at the same time which can lead to a sudden increase in price or create a trick that makes the coin appear more in demand than it is.

People with inside information or who receive leaks about upcoming new coins can buy large quantities of them before they are publicly launched, allowing them to sell them on the market at high prices after generating prestige.