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Solana's Shanghai ad removed quickly; Binance's CZ denies causing the removal amid event delay.

Market News
16 Oct 2026
Crypto Briefing
View Source
Bearish
Solana's Shanghai ad removed quickly; Binance's CZ denies causing the removal amid event delay.

Solana's billboard ad in Shanghai was taken down within 10 minutes of appearing, before Binance founder Changpeng Zhao (CZ) even saw it. CZ had praised Solana's new Shanghai office on social media after the ad was already removed. The removal and a postponed Solana event in Shanghai sparked speculation that CZ's praise triggered regulatory scrutiny, but CZ denied this, citing China's strict content monitoring system. The incident highlights ongoing challenges for crypto projects in China, where trading is banned but blockchain development continues. Solana faces reputational and logistical setbacks, with questions about rescheduling its event and further details from authorities.

Solana (SOL) is trading at Rp1.849.872 on Pluang, down 2.71% in the last day. The platform shows a market cap of Rp1.105,43 trillion and a 24-hour volume of Rp44,62 trillion. As of Oct 17, 2026 02:24 WIB, Pluang order activity favors buying at 60%, with typical holders keeping SOL for 71 days.

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