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Solana Price Drops 40% Amidst FTX-Alameda Crisis

Author: Sohrab Khawas

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    As many speculated, the FTX and Alameda case did turn out to be a Terra LUNA like incident as the firm collapsed. This has affected the overall crypto market and one altcoin that saw an immense pull down is Solana (SOL).

    In the last 24hrs Solana has lost more than 40% trading at $17.13 level. The Alameda crisis began in the last seven days and since then SOL has lost nearly 50%.

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