Solana’s close ties to FTX cause financial and structural damage
Since it became clear that FTX and Alameda were struggling, the price of SOL has dropped over 50%, far greater than other network tokens.
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Since it became clear that FTX and Alameda were struggling, the price of SOL has dropped over 50%, far greater than other network tokens.
Read more (3 min) →Solana is down by 50% since Saturday and one million Solana tokens look set to be unstaked and dumped on the market any moment now.
On-chain researchers suggest FTX may be pulling assets from Solana's Wormhole protocol to make sure it can cover liquidity needs.