Solend founder: Alameda Research manipulated token prices during the Solend IDO

ChainCatcher news, Solana lending project Solend founder Rooter stated on Twitter that Alameda Research manipulated the token price during the Solend IDO. In the Solend IDO at the beginning of November last year, two addresses associated with Alameda Research, specifically set up for the Solend IDO, purchased $40 million worth of tokens on the first day, pushing Solend's FDV (Fully Diluted Valuation) to $2.5 billion, making the total fundraising exceed $100 million, thereby "scaring away" retail investors. Then, at the last moment on the second day of the IDO, they withdrew $80 million, and Solend ultimately raised $26 million.

Rooter also stated: "Alameda's behavior reflects SBF's ideology—interests can absolve all sins. As long as the purpose is just, any means can be justified." (source link)