$BNB Concerns About Solana’s Decentralization and Stability
1. Centralized Stake Control – Binance Coin (BNB) holds a significant portion of the network’s stake, raising concerns about decentralization when compared to Ethereum.
2. High Hardware Requirements – Running a Solana validator requires expensive, high-performance hardware, making it difficult for individuals to participate.
3. Frequent Network Outages – Solana has faced multiple downtime incidents due to bot-driven transactions, congestion, and software bugs, sometimes lasting hours.
4. MEV & Transaction Manipulation – MEV bots exploit transaction ordering for profit, and priority fees now favor those who can pay more for faster execution.
5. Ties to FTX & Alameda Research – A large portion of early SOL tokens were linked to FTX, and ongoing liquidations could impact Solana’s price.
6. Token Unlocks & Sell Pressure – Solana’s initial token distribution favored insiders, and future unlocks may lead to selling pressure.
7. NFT & DeFi Manipulation – Solana’s NFT and DeFi sectors have faced manipulation, affecting fair market participation.