Bitcoin24h $87,741.31+0.14%

Ethereum24h $2,074.96-0.68%

XRP24h $2.46-0.05%

BNB24h $630.46-1.34%

Solana24h $144.18+1.59%

Dogecoin24h $0.1941+4.48%

Cardano24h $0.7504+1.91%

TRON24h $0.2275-0.08%

Chainlink24h $15.59+2.65%

Avalanche24h $23.19+7.28%

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.