Solana's SOL token has been hit hard this week amid a sell-off across crypto markets triggered by the collapse of Sam Bankman-Fried’s business empire, and the volatility has sparked a debate over Solana’s future. _jocelynyang_ reports.
SOL's price had tumbled to a record low earlier this week of around $12 and then surged 26% to as high as $19 on Thursday.
The SOL token’s recent price movements were tied to speculation about Solana’s close connection with Alameda Research, a trading firm that was founded by Bankman-Fried. SOL was, according to Riyad Carey, a research analyst at crypto data firm Kaiko. He contrasted Solana with other blockchain projects where development is funded primarily by venture capitalists.
Marius Ciubotariu, a core contributor to Hubble Protocol and Kamino Finance on the Solana ecosystem, said, “Just as we saw with Ethereum and ETH in 2018, this current shakeout will purge Solana of pure price speculators and ensure that only those that are dedicated to the ecosystem are part of the next big wave of innovation and growth.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SOL Price Drop Makes BNB Whales Pick It up Massively$SOL price rebounds as Solana becomes one of the most purchased tokens by $BNB whales sol solana binance bnb
Weiterlesen »
Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’FTX ain't alone! Solana and other cryptocurrencies linked to SBF and his companies have dropped by an average of 40% this week.
Weiterlesen »
Ether, Solana Trade at Premium on FTX – Here is (Probably) WhyTrapped FTX users switch to major coins and execute 'synthetic withdrawals', leading to relatively higher prices for ether and Solana on the troubled exchange. Reports godbole17
Weiterlesen »
SOL Price up 8% After Major Solana Update Is Provided$SOL price up 8% after update about 28.5-million-token unlocking is provided solana ftxcrash cryptonews ftx ftt
Weiterlesen »
Solana for $3, Ethereum at $750, Arthur Hayes Makes Bold PredictionsBitMex co-founder CryptoHayes believes $ETH and $SOL will face even more pain than they do now
Weiterlesen »