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Chinese journalist and financier Colin Wu reported that the asset management platform Matrixport has decided to delist products related to Solana. The company, founded by entrepreneur Jihan Wu, announced that on December 30, 2022, the delisting of two-currency investment instruments SOL and SOL-U will take place on the site.
In addition, Matrixport will not launch new Solana-based products in the future. The management of the organization has severed all ties with the developers of this blockchain network. This event came as a surprise to many, as in June 2022 Matrixport announced the launch of the industry's first two-currency Solana product.
Representatives of the investment platform declined to comment on their decision. Twitter users have suggested that this is due to the problems that the SOL course has faced recently. Virtual currency quotes were seriously affected after the collapse of the FTX trading platform.
As of the morning of December 29, 2022, the digital asset was in 17th place in the ranking of the best cryptocurrencies in the world in terms of maximum capitalization. SOL was trading at $9.72, which is 19.5% cheaper than a week ago and 29.3% cheaper than a month earlier.
Over the past month and a half, the Solana cryptocurrency has been severely criticized by the cryptocurrency community. After the fall of the FTX trading platform, it left the rating of the top 10 best virtual currencies for the first time all year. The fact is that this startup was very actively supported by the Alameda Research Foundation, which was managed by the infamous entrepreneur Sam Bankman-Fried.
Many users have criticized the product before. They were not satisfied with the fact that the Solana network fell several times a year, once disconnected for almost two days.
