Crypto’s favourite sport isn’t trading—it’s blaming. This week’s lucky contestant? Solana, because some opportunistic grifters launched a token called Libra, ran off with the cash, and apparently, that’s Solana’s fault. Sure. And if I get scammed on eBay, I guess I should sue the internet.

What Actually Happened?

A group of geniuses thought, “Hey, remember Meta’s failed Libra stablecoin? Let’s steal the name, launch a random token on Solana, and profit!” And profit they did—until they vanished, leaving a sea of very surprised bag-holders. The market, being the rational entity that it is, immediately declared Solana responsible.

Solana: Crypto’s Favourite Scapegoat

If there’s one thing Solana is better at than processing transactions, it’s taking the blame for things it didn’t do. Remember when FTX collapsed? Somehow, Solana ended up more cancelled than Sam Bankman-Fried (BBC). It’s like blaming a motorway for a car crash.

Meanwhile, in actual financial disasters, other exchanges are making Solana look like a risk-averse librarian:

  • Bybit Hack: $1.5 billion gone. Vanished. Poof (AP News).

  • KuCoin Breach: $275 million politely removed by hackers (Nasdaq).

  • Bitfinex Hack: 119,756 $BTC swiped before crypto theft was even cool (BBC).

  • Binance Legal Woes: A $4 billion settlement with the U.S. government (U.S. Department of Justice).

  • KuCoin Settlement: Nearly $300 million in fines for running an exchange like it’s a lemonade stand (Reuters).

But sure, let’s panic about a meme coin rug-pull on Solana.

Why Solana Still Outshines the Drama

  • Speed & Fees: Solana processes 65,000 transactions per second with an average fee of $0.00025, according to the Solana Foundation. That makes $ETH look like it’s powered by carrier pigeons.

  • Scalability: Unlike other chains that slow down under heavy traffic, Solana maintains high throughput due to its unique Proof-of-History mechanism (CoinDesk).

  • Developer Growth: The number of active developers building on Solana grew by over 50% in 2023, making it one of the fastest-growing ecosystems (Electric Capital).

Final Thought: Maybe Learn to DYOR?

If you thought Libra was backed by Meta, I have bad news about your decision-making skills. Nobody blames the Nasdaq when a penny stock tanks, but in crypto? The blockchain is always the villain.

The real problem isn’t Solana. It’s people YOLO-ing into every shiny new token like it’s a limited-edition NFT of common sense. Next time, try Googling before investing. It’s free. Unlike losing your money.

#LibraGate #SolanaStrong #Write2Earn #BroomieWrites