Thursday, March 28, 2024
HomeMarket AnalysisSolana Collapses due to FTX Scandal

Solana Collapses due to FTX Scandal

Solona (SOL), A Scalable Blockchain Infrastructure project down over 60% for the last week. It’s currently trading 95% down from its all-time high. Solona was around 259$ in Nove 2021 and now trading at around 14$.

SOL collapses due to FTX filing for Chapter 11 bankruptcy three days later due to a cash crunch. On Nov 8th, Sol crashed by Nov. 8, by 51.5%, and the sol market is affected with a loss of 5.5$ billion.

IMAGE CAPTURED FROM BINANCE.COM

Solana is a token issued through the Solana Blockchain, which makes it feasible to develop decentralized finance or Defi tasks that provide economic offerings which include loans, mortgages, and financial products.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular