Solana has postponed the Shanghai opening of its Accelerate China tour after a sharp rise in registrations pushed expected attendance above the limit approved by local authorities. Lily Liu, president of the Solana Foundation, said registrations quadrupled overnight after publicity for the event.
Registration surge leads to postponement
Liu said in a Friday post on X that organizers decided to delay the event in order to comply with local requirements. The registration total exceeded the attendance cap registered with authorities, making it impossible for the gathering to proceed as originally planned.
According to Cointelegraph, some X users earlier claimed the event had been “abruptly suspended” and said law enforcement officers were positioned at the venue. The source material does not provide further details about the officers or say that their presence caused the postponement.
The Shanghai event was intended to begin Solana’s four-city Accelerate China tour. The published schedule listed Hangzhou for Sunday, Shenzhen for Tuesday and Beijing for Thursday after the Shanghai stop.
Solana’s China events and local restrictions
The postponement comes shortly after Solana executives promoted a new Shanghai office earlier in the week. It also follows an earlier disruption involving the project in China. In October 2025, a Solana event in Shenzhen was cut short because of venue-capacity and public-safety concerns, according to the project’s Chinese-language community account on X.
China prohibits a range of crypto-related activities and services, including token fundraising, cryptocurrency trading and mining. In February, the People’s Bank of China and seven other agencies reiterated those restrictions in a notice that introduced additional bans, including a prohibition on the unauthorized issuance of yuan-pegged stablecoins.
A stablecoin is a cryptocurrency designed to maintain a relatively stable value against an underlying asset, such as a national currency. The restrictions form the regulatory backdrop for cryptocurrency-related events and business activity in the country, although Liu attributed the Shanghai postponement to the attendance limit and the need to meet local requirements.
Moneyiar market picture
Moneyiar data at 21:44 on Oct. 17, 2026, showed Solana’s SOL trading at $102.0600912307, down 2.05% over 24 hours and 7.38% over seven days.
Other assets in the supplied market snapshot were also lower:
- Midnight (NIGHT): $0.0407501562, down 1.82% in 24 hours and 19.57% over seven days, as of 21:43.
- ONEchain (ONE): $0.099932974, down 4.49% in 24 hours and 26.21% over seven days, as of 21:44.
- RedStone (RED): $0.1370967001, down 6.35% in 24 hours and 9.08% over seven days, as of 21:43.
The market figures describe price performance and do not indicate that the postponement caused SOL’s moves.
