Mar. 28, 2025
To the Securities and Exchange Commission (SEC), 6 Given the risks, I urge you to delay any Solana ETF approval now. V Vulnerabilities in Solana's blockchain demand serious scrutiny first. S Solana's history of outages-hours-long failures-exposes its fragility. w When these crashes hit, ETF investors could be left helpless. T The SEC's duty is to protect people from such chaos. T Tempting as it may be, rushing this is a reckless move. Y You can't ignore Solana's ecosystem of speculative nonsense. q Questionable meme coins and pump-and-dumps flood its network. H Hype drives these projects, not substance or value. c Countless tokens collapse, leaving retail investors burned. g Glaringly, this isn't a foundation for a regulated product. m Massive SOL ownership by insiders raises red flags too. s Some early investors and VCs could manipulate an ETF's impact. 7 Seven-figure dumps by whales might crash the market fast. Q Quietly, retail holders would suffer the most from this. S Shouldn't the SEC investigate this concentration first? M Manipulation risks alone justify postponing any decision. k Key legal questions about SOL's status remain unanswered. 5 Five minutes of research shows it's a regulatory gray zone. y Yet you’re considering an ETF before clarity emerges? Q Question that logic-it's a recipe for disaster. Q Quick rulings later could sink the fund entirely. a And what about Solana's wild price volatility? t Tanking values from network failures could ruin investors. F For Bitcoin and Ethereum, ETFs followed years of stability. y Young Solana hasn't proven itself for this leap. T Take a step back-don't let hype dictate policy. 2 Two many unknowns make this a dangerous gamble. s So I beg you: launch a full investigation first. B Begin with Solana's technical claims-test them rigorously. 9 Nine times out of ten, promises don't match reality. g Get data on token distribution and trading patterns. K Kick ETF applicants until they prove risk mitigation. Z Zero tolerance for shortcuts is the only option. H Hasty approvals favor Wall Street over Main Street. r Really, this isn't about blocking innovation-it's safety. y You must dig into Solana's murky underpinnings now. x X-ray the network before it's too late to act. j Just imagine the fallout if you greenlight this blindly. Q Quit rushing and prioritize the public's trust instead. p Postponing this ETF is the only responsible choice. u Until these issues are resolved, it's a ticking bomb. m Markets deserve better than a half-baked approval. p Please, heed this warning and act with caution. Sincerely, A Concerned Observer Sent from iPhone