Solana’s developers try to uplift the community’s morale after a harrowing drop in SOL prices.
SOL dropped over 60 percent in the past week courtesy of the cryptocurrency’s connections to FTX’s CEO
Despite plunging amid the FTX liquidity crisis, Solana founders have been encouraging the network’s supporters to hold steady and focus on Solana’s long-term vision.
In the wake of this week’s kerfuffle in crypto markets, Solana has been one of the largest losers, shedding just over 51 percent in the past week and 94.19 percent from its all-time high. In the past 24 hours, the top cryptocurrency has dropped by about 23.61 percent to trade at $15.19 at press time according to our data.
Solana’s plunge has been attributed to its close ties to Sam Bankman Fried, CEO of FTX and the founder of Alameda Research. Since Saturday, the crypto community has been speculating that Alameda might try to dump its SOL token to raise fresh liquidity given that SOL is Alameda’s second-largest

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