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.
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.