Project Built on Ethereum Rival Solana Explodes 130% in Just One Week As Bitcoin Regains $21,000

Project Built on Ethereum Rival Solana Explodes 130% in Just One Week As Bitcoin Regains $21,000


A low-cap Solana-based (SOL) altcoin has more than doubled up in value over the last week as Bitcoin (BTC) regains the $21,000 level.

Decentralized exchange (DEX) platform Serum (SRM) has shot up 130% over the last seven days after suffering through the collapse of crypto exchange FTX, which it heavily relied on.

According to a new report by The Wall Street Journal, John Ray III, who took over as CEO of FTX last year after its disgraced founder Sam Bankman-Fried resigned, says that it’s possible for FTX to restart its crypto exchange business.

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Ray, a bankruptcy specialist, told The Wall Street Journal that he’s created a task force that will explore the possibility of revitalizing FTX.com.

News of the possible reboot sent SRM flying, as

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