Bitcoin24h $97,128.76-1.09%

Ethereum24h $3,384.27-1.73%

XRP24h $2.27-1.50%

BNB24h $666.26-1.60%

Solana24h $186.57-3.34%

Dogecoin24h $0.3213-4.49%

Cardano24h $0.9136-4.78%

TRON24h $0.2482-1.15%

Avalanche24h $38.04-6.23%

Chainlink24h $22.49-5.59%

Robinhood re-lists SOL at $216 one year after forcing users to sell for $16

The price of Solana (SOL) has jumped from $16 to $216 — a 1,250% increase — since it was delisted by Robinhood in June last year.

How Jump helped US Robinhood users trade offshore at FTX

Jump Trading apparently lost nearly $300 million on FTX, before the collapse Jump was one of the largest Robinhood market makers.

Sam Bankman-Fried’s Robinhood shares could cause a major price meltdown, unless the DoJ or liquidators agree to sell them back to the firm.

Robinhood customers have assets held and transactions processed by a labyrinth of opaque service providers, including Jump Crypto.

Robinhood wanted Ziglu for $170 million in April but now says it will pay just $72.5 million, leaving Ziglu investors way down on the deal.