TechFlow News, Solend, a lending project on Solana, founder Rooter claimed on Twitter that Alameda Research had manipulated token prices during Solend's IDO.
During Solend's IDO in early November last year, two addresses associated with Alameda Research each purchased $40 million worth of tokens on the first day, pushing Solend's FDV (fully diluted valuation) to $250 million and bringing total fundraising above $100 million, effectively deterring retail investors. Then, at the final moment of the second day of the IDO, they withdrew $80 million, leaving Solend’s actual fundraising amount at $26 million.
Rooter also stated: "Alameda's actions reflect SBF's ideology—profit above all. As long as the goal is justified, any means are acceptable; it's effective altruism." Source
