Bitcoin24h $97,937.45+3.69%

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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.