Bitcoin24h $85,065.23+0.71%

Ethereum24h $1,600.80+1.44%

XRP24h $2.08+0.98%

BNB24h $591.95+0.75%

Solana24h $138.57+3.44%

Dogecoin24h $0.1587+2.76%

TRON24h $0.2415-1.31%

Cardano24h $0.6284+2.48%

UNUS SED LEO24h $9.36+1.89%

Chainlink24h $12.82+1.67%

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.