Cryptocurrency Solana Collapses in FTX Scandal

By Luc Olinga The token is the first big victim of the abrupt implosion of Sam Bankman-Fried’s FTX cryptocurrency exchange. Solana, considered, until recently, to be one of the cryptocurrencies with a promising future, is in the process of completely collapsing. The token lost 61.6% of its value in the last seven days, according to data firm CoinGecko. Solana (SOL) prices are now down 95% from their all-time high of November 6, 2021. SOL is currently trading around $14.12 from $259.96 in November 2021. SOL’s collapse is due to the November 8 implosion of cryptocurrency exchange FTX, which file…


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