Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility?

Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility?


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’s (SBF) heavy involvement in the Solana blockchain. Will SOL continue to suffer or is there a reprieve on the horizon for this digital asset?

Solana’s Relationship With FTX

Even now, the reason for Solana’s 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

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