Bitcoin24h $63,285.62+1.28%

Ethereum24h $1,874.66+2.11%

BNB24h $588.39+2.02%

XRP24h $1.08+2.63%

Solana24h $73.53+3.25%

TRON24h $0.3271-0.09%

Hyperliquid24h $52.44+0.69%

Dogecoin24h $0.0707+3.17%

UNUS SED LEO24h $9.75-0.13%

Zcash24h $474.26+2.18%

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.

Solana is dying and it can’t find a buyer

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.

Last night’s Aptos token launch went exactly as expected, collapsing almost 50% from its listing price in just a few hours.

The attacks began on August 1 and have so far drained millions from Phantom, TrustWallet, Solflare, and Slope wallets.