SOL
Solana Outlook in the Wake of Sam Bankman-Fried's Downfall
Solana's native token SOL has fallen roughly 90% in the past 12 months following the collapse of one of its most prominent backers, FTX. Solana Foundation's Head of Strategy and Communications, Austin Federa, joins "First Mover" to discuss his outlook for the blockchain. Plus, insights on SOL tokens' recent surge as the newly launched Bonk token gains interest in the community.
Vitalik Buterin Tweets Support of Solana
"The Hash" panel discusses the outlook for Solana as its native token SOL erased most of Thursday’s 15% fall after Ethereum co-founder Vitalik Buterin tweeted support for the blockchain most battered by FTX’s implosion. “Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future,” Buterin tweeted shortly before SOL’s Thursday recovery began.
Why Solana Was Decimated by Bankman-Fried’s Downfall
The blockchain heavily tied to the disgraced founder of FTX has been badly wounded by his unmasking. Here are the headwinds facing the formerly hot project and its SOL token.
Sam Bankman-Fried’s Unceremonious Exit Leaves ‘Alameda Gap’ in Crypto Markets
The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko.
Solana Volatility Returns After FTX Bankruptcy, but What Comes Next?
The token, grappling with the market contagion, is down 4% in the past 24 hours.
Solana’s SOL Surges After Blockchain's Foundation Delays Plan to Unstake Tokens
A record amount of SOL was unstaked as investors reclaimed their tokens from the blockchain's security mechanism. But it could have been a lot more. The SOL price jumped 27%.
Trust Is Gained Over Time but Lost in an Instant: Analyst
Tokens related to cryptocurrency exchange FTX, including FTT and Solana (SOL), have fallen sharply amid contagion fears. Citi Digital Asset Analyst Joe Ayoub said "that's largely because of a lack of trust from users in these projects that are related to Sam [Bankman-Fried]."
Ether, Solana Trade at Premium on FTX – Here Is (Probably) Why
The premium stems from users with trapped assets on FTX putting their money into major tokens in hopes of receiving some recovery value, one observer said.
Panic Grips SOL With Record Volatility and Massive Put Demand
An incoming supply deluge seems to have spooked investors in both the spot and derivatives markets.
