At the first stop of Solana’s China tour, the police were there to greet them
On the morning of October 16, the Shanghai stop of Solana Accelerate China’s four-city tour opened at the Shangri-La Hotel. Eight or nine police officers were stationed at the entrance, while people who had registered were left waiting outside for over an hour. The organizers said registrations had quadrupled overnight, exceeding the venue’s capacity, and postponed the event due to “venue and logistical issues.”
Put simply, the rules in China are clear: capacity limits, filing requirements, fire safety—if you haven’t got every detail right, even spending a fortune on a light show won’t help. Just a few days earlier, Solana had put on a light show at the BOC Tower in Lujiazui and opened a Shanghai office. The bigger the spectacle, the louder the crash when things go wrong.
The most painful part was CZ’s reaction. The day before, he had praised Solana’s opening an office in China as “amazing.” Then he turned around and mocked them: “Sad to see. Looks like they really didn't know the local policies?” And this wasn’t the first time: Solana’s 2025 event in Shenzhen followed the exact same script.
My take: when doing crypto in China, policy is the biggest candlestick on the chart. The Hangzhou stop is scheduled for October 18, Shenzhen for the 20th, and Beijing for the 22nd. Registration for all three is now closed. Whether they’ll actually go ahead is anyone’s guess.
$SOL The price, at least, hasn’t crashed. It’s still hovering around $105 today, and the market has long since stopped being surprised.
Just my personal opinion; this is not investment advice.
#Solana #SOL
On the morning of October 16, the Shanghai stop of Solana Accelerate China’s four-city tour opened at the Shangri-La Hotel. Eight or nine police officers were stationed at the entrance, while people who had registered were left waiting outside for over an hour. The organizers said registrations had quadrupled overnight, exceeding the venue’s capacity, and postponed the event due to “venue and logistical issues.”
Put simply, the rules in China are clear: capacity limits, filing requirements, fire safety—if you haven’t got every detail right, even spending a fortune on a light show won’t help. Just a few days earlier, Solana had put on a light show at the BOC Tower in Lujiazui and opened a Shanghai office. The bigger the spectacle, the louder the crash when things go wrong.
The most painful part was CZ’s reaction. The day before, he had praised Solana’s opening an office in China as “amazing.” Then he turned around and mocked them: “Sad to see. Looks like they really didn't know the local policies?” And this wasn’t the first time: Solana’s 2025 event in Shenzhen followed the exact same script.
My take: when doing crypto in China, policy is the biggest candlestick on the chart. The Hangzhou stop is scheduled for October 18, Shenzhen for the 20th, and Beijing for the 22nd. Registration for all three is now closed. Whether they’ll actually go ahead is anyone’s guess.
$SOL The price, at least, hasn’t crashed. It’s still hovering around $105 today, and the market has long since stopped being surprised.
Just my personal opinion; this is not investment advice.
#Solana #SOL