Wormhole almost killed Solana DeFi — now works with Blackrock, Hamilton Lane
Wormhole, the blockchain bridge that suffered a series of losses in 2022, is earning partnerships with the world’s biggest asset managers.
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Wormhole, the blockchain bridge that suffered a series of losses in 2022, is earning partnerships with the world’s biggest asset managers.
Read more (2 min) →On March 1, 11.2 million SOL will move from the FTX bankruptcy estate to claims buyers, including Galaxy Digital.
Since it became clear that FTX and Alameda were struggling, the price of SOL has dropped over 50%, far greater than other network tokens.
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.