Solana Critics Leaderboard
The top critics who have declared Solana dead the most times. Click to see details.
28 critics tracked • 102 obituaries • Last updated: Mar 25, 2026
Justin Bons
“Solana went down at least nine times in 2022. The TPS is massively inflated. 70% of TVL is fake. The initial token supply was fraudulent.”
Reuters
“SOL lost 94% of its value in 2022. The FTX collapse weighs heavily on the Solana ecosystem.”
Peter Schiff
“Solana's entire resurgence is built on memecoins and scams. When the casino closes, the chips are worthless.”
Anthony Sassano
“When a blockchain runs emergency grants to keep developers, it's not strength — it's triage.”
Fortune
“Solana hits 5-month low as memecoin traders flee. Pump.fun launches fell from 71,000 to 26,000 per day.”
Vitalik Buterin
“I challenge anyone to name a significant real-world application running on Solana that isn't a casino, a meme, or a rug pull.”
Travis Kling
“Solana dropped 50% in five weeks. The casino is collapsing. The memecoin ecosystem is extractive, nihilistic, and embarrassing.”
CoinDesk
“SBF bankrolled Solana's ecosystem, funded projects, and was its biggest cheerleader. Without him, what is Solana?”
Cointelegraph Magazine
“Revenue down 93%. Transaction fees down 83%. Daily active addresses halved. The ecosystem is collapsing in real time.”
U.Today
“Active developers on Solana decreased by over 90% in 2022. Approximately 2,425 developers departed.”
Galaxy Research
“LIBRA rug pull is the latest sordid episode from Solana's memecoin complex. Fallout could reduce SOL demand.”
Solidus Labs
“98.6% of tokens on Pump.fun collapsed. 93% of Raydium pools are rug pulls. The ecosystem is a fraud machine.”
The Motley Fool
“SOL down 34% in 30 days. FTX estate dumping 11.2M SOL. Is this the end of the road for Solana?”
Emin Gün Sirer
“Avalanche, Ethereum, and BNB built quietly while Solana kept going offline. Each outage is free advertising for the competition.”
Jacob King
“Solana's tokenomics were designed to benefit insiders and validators at the expense of everyone else.”
Nouriel Roubini
“Like WeWork, Solana had insane VC backing and growth metrics that looked great until you asked basic questions.”
SEC
“SOL was offered and sold as an unregistered security. The tokens meet the Howey test criteria.”
Crypto Valley Journal
“98.6% of 7+ million tokens launched on Pump.fun collapsed. Retail losses estimated at $4-5.5 billion.”
Bankless
“SOL dropped from $35 to $11 in weeks after FTX. The question 'Is Solana dead?' was never more relevant.”
AMBCrypto
“Critics argue unresolved risks mean Solana could still face halts under stress; SOL slid toward $100 in early 2026.”
Ainvest
“~$370M drained from Solana users in January 2026; Bonk.fun hack added memecoin ecosystem jitters.”
Nic Carter
“The September outage isn't a bug — it's a feature of Solana's architecture. They traded resilience for speed.”
GetBlock
“Bonk.fun domain compromise showed how a single front-end breach can drain connected wallets on Solana.”
CoinCentral
“Urgent validator patches underscored how consensus could be disrupted if critical bugs were exploited.”
Cointribune
“Validator economics and concentration drew fresh scrutiny as operator counts fell from prior-cycle highs.”
Analytics Insight
“Three Solana platforms closed after a major treasury hack shook ecosystem confidence.”
Crypto Times
“Bonk.fun front-end compromise exposed users to wallet-draining phishing.”
Economic Times
“SOL traded near ~$92 in late March 2026, well off prior bull-market peaks.”
And more critics who got it wrong...
View All Obituaries →