Bitcoin24h $98,089.18-1.77%

Ethereum24h $3,853.97-3.31%

XRP24h $2.41-5.66%

Solana24h $225.33-4.60%

BNB24h $721.98-2.48%

Dogecoin24h $0.4379-6.14%

Cardano24h $1.12-5.08%

TRON24h $0.2953-6.58%

Avalanche24h $49.53-4.84%

Shiba Inu24h $0.0000-6.54%

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.