Solana, once championed as the “Ethereum Killer” has seen the price of its native token SOL tank by roughly 47% over the past week dominated by the FTX train wreck. SOL is the second largest-holding of Alameda Research, and was heavily promoted by former FTX CEO Sam Bankman-Fried, who resigned today. According to an earlier report by CoinDesk, Alameda held $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral,” as of June 30, 2022. Akeel Qureshi, core contributor to Solana-based Hubble Protocol and Kamino Finance told BitcoinLinux that the current crypto crisis ensuingGo to Source
Author: coinmaker