Cryptocurrency Solana Collapses in FTX Scandal

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Solana, thought of, till just lately, to be one of many cryptocurrencies with a promising future, is within the means of fully collapsing.

The token misplaced 61.6% of its worth within the final seven days, in accordance with knowledge agency CoinGecko. Solana (SOL) costs are actually down 95% from their all-time excessive of November 6, 2021. SOL is presently buying and selling round $14.12 from $259.96 in November 2021.

SOL’s collapse is because of the November 8 implosion of cryptocurrency trade FTX, which filed for Chapter 11 chapter three days later attributable to a money crunch.



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