Sam Bankman-Fried is sentenced to 25 years on prison, but he will appeal and court will drastically reduce his sentence if he returns all stolen funds back to customers. His prison time can be reduced to 6 years or 0 as he already paid some years in jail.
In order to repay customers, as he said in trial, he needs crypto price high, specifically SOL as his major coins are Solana.
He has 56.000.000 SOL according to official Solana website, and was sentenced to repay $11.000.000.000 USD, so if we divide his coins with the amount to pay, he needs to sell Solana at $196 price.
But remember that he already spent SOL, so he needs a little more effort, like pumping the price to $200 range, then dump, then repump to $200 until he collects all money.
Trade history recorded a high of $210, then dump, then $205, then dump, then $205 again, then super dump.
Now think about the Memecoins on Solana, its really suspicious, why they are made in Solana and not in ADA, ETH, BNB, etc? Eureka! It’s because Sam’s team is driving the Solana Memecoin scam in order to push the SOL price up.
Also Coin Telegraph is co working in this scam by posting bullish news about Solana and memecoins, in order to create a deep buy sentiment on stupid people and make them pay Sam Fried.
Remember that this is not the first time CoinTelegraph is caught performing insider trading, last time they posted a fake BlackRock ETF new after they open a 50x long position in a CEX and profited millions.
These memecoins are no more than a ponzi scheme that is making FTX and CoinTelegraph rich, and also disruption Solana’s network. In a short time, Solana will fall to $10 once the ponzi is over, people release the truth and everybody dumps Sol out.
Currently, real Solana users are lefting the chain as 75% of transactions are failing thanks to FTX’s ponzi scam, so once the ponzi is over, Solana will have no real users and die.
Sam Bankman-Fried is scamming new people to repay old victims and waive prison and of course, be rich again with your money.
Don’t support FTX, don’t buy SOL and no memes please.
