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Smart contract platform Solana (SOL) and other digital assets associated with it continue to plummet as the crypto exchange platform announces its delisting.
According to cryptocurrency reporter Colin Wu, cryptocurrency exchange Matrixport Exclusion SOL and its accompanying digital assets, which began on December 30th, is a move that has sent the already-suffering cryptocurrency into another downswing.
Wu said Matrixport would also not consider launching SOL products in the future.
Matrixport, the wealth management platform founded by Jihan Wu, has announced that it will delist its SOL and SOL-U dual currency investment products on December 30 and will no longer launch new Solana products.
Solana is trading at $8.27 at the time of writing, down 13% on the closing day and down 96% from its all-time high of $259.24 set in November 2021.
Other crypto assets affected include Serum (SRM), a decentralized exchange (DEX) platform, and Raydium (RAY), an automated market maker that provides liquidity services to Serum. Both are built on SOL.
The SRM is valued at $0.121 at the time of writing, down 6.7% while the ray was trading at $0.135, down 5% over the same period. Both are down 99% from all-time highs.
According to BitMEX founder and Bitcoin (BTC) maximalist Arthur Hayes, Solana may be worth investing in in the future, despite being a fucking coin. busy against it.
“SOL is a complete and complete shit coin, but if the mainstream financial press is obsessed with it, at some point it will be a buy. Like the headline news section. Something that goes up and down in a straight line. there is no.”
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