{"id":508947,"date":"2022-11-17T17:00:19","date_gmt":"2022-11-17T17:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=508947"},"modified":"2024-06-11T14:35:04","modified_gmt":"2024-06-11T14:35:04","slug":"solana-buckles-under-ftx-debris-is-single-digit-sol-a-possibility","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana-buckles-under-ftx-debris-is-single-digit-sol-a-possibility\/","title":{"rendered":"Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility?"},"content":{"rendered":"
Solana (SOL) was one of the hardest hit blockchains by the FTX collapse. Even now, more than a week after the initial bankruptcy, SOL continues to buckle under the weight of uncertainty left among its users and investors given Sam Bankman-Fried\u2019s (SBF) heavy involvement in the Solana blockchain. Will SOL continue to suffer or is there a reprieve on the horizon for this digital asset?<\/p>\n
Solana\u2019s Relationship With FTX<\/h2>\n
Even now, the reason for Solana\u2019s success is largely tied to its FTX\/Alameda relationship. There is no telling if the blockchain would still have found the same level of success otherwise but the investments of these companies played a major role in the accelerated growth and adoption. And now, the blockchain looks to be paying the price for it.<\/p>\n