2 weeks ago
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Recently, a Reddit user shared an image showing microtransactions and questioned why bots were buying 0.0001 Solana continuously. This information raised significant concerns about the actual network activity data.
Solana is a popular Proof-of-Stake (PoS) crypto network known for its high scalability and cost-efficient transactions. Over the past four years, it has consistently ranked among the top crypto networks due to its reported user activity.
In recent developments, a Reddit user questioned the legitimacy of this user activity, sharing a screenshot that allegedly shows bots buying 0.0001 SOL continuously.
Critics of the Solana network claim that these bot activities are responsible for inflating the number of daily active users, which Solana boasts as 5 million. They argue that this activity misrepresents the actual number of users on the network.
BREAKING NEWS:
SOLANA HAS BEEN EXPOSED:
This time not by @ItsDave_ADA but he may want to do a deep dive.
On reddit more n more bots are buying significantly little amount of SOL.
Is this why they have 5M daily active users? pic.twitter.com/lIg2bT8Vbk
One crypto X user, a Cardano blockchain supporter, indirectly criticized Solana, stating, “Bot activities are for meme coin pumps by community users.”
A Solana supporter defended the network, stating that it is just “bump bots” to make decentralized exchanges (DEX) trending, emphasizing that other networks like Cardano could not handle 5 million transactions daily.
it's bump bots to get dex trending, no one with brain cells said sol has 5M active users but address
spin up 5M address & see for yourself if ada can handle the load
Solana price action
The current trade price of Solana’s native token Sol is $158 & this price is 9% high over the last 7 days period.
As of now, Solana’s (SOL) current trade price is hovering around key resistance levels, reflecting market uncertainty. While SOL has shown resilience due to its high scalability and fast transaction speeds, concerns over bot activity inflating user numbers could impact investor sentiment. If these claims gain traction, it could lead to short-term volatility. However, strong community support and continued development on the network could help SOL maintain stability or push towards higher levels if these issues are addressed effectively. Traders should monitor both technical patterns and news developments closely.
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