Solana, a popular cryptocurrency, has seen its reputation suffer as scams have plagued the chain and caused people to lose money. Concerns about a scam culture on Solana were initially ignored as they helped boost the ecosystem's prominence. However, the analyst DonAlt believes that the leadership behind Solana encouraged the chain to become associated with scams, setting it apart from Ethereum whose co-founder has actively called out fraudulent behavior. The meme coin factory Pumpfun, which operated on Solana, gained notoriety but was eventually blocked by the UK's financial regulatory body. DonAlt also argues that the Pumpfun craze drained the early bull market alt season, and hopes similar mistakes can be avoided in the future.



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