Solana’s SOL Spiked 15% on a Suggestive Tweet From Google Cloud
Nick Baker is CoinDesk’s deputy editor-in-chief. He owns percentages of BTC and ETH.
The SOL native token for Solana rose about 15% after Google Cloud tagged the blockchain’s co-founder in a tweet that recommended a crucial disclosure was in the offing.
” Hey @aeyakovenko,” the cloud-services giant tweeted Saturday, “Should we inform our fans the huge news?”
Google Cloud an hour later on– after SOL had actually jumped– tweeted what this had to do with: “Now that we got your attention … inspect this out: Google Cloud is running a block-producing @solana validator to take part in and verify the network.”
While such an unclear yet market-moving disclosure may not technically contravene of monetary guidelines, it does raise the concern of whether it’s okay to pump up the rate of a property with security-like qualities in this way.
Solana, which has up until now not measured up to the buzz that it’s an industrial-grade blockchain appropriate for contemporary financing, is going through a facilities overhaul managed by Jump Crypto.
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Nick Baker is CoinDesk’s deputy editor-in-chief. He owns percentages of BTC and ETH.
Nick Baker is CoinDesk’s deputy editor-in-chief. He owns percentages of BTC and ETH.
