We must face the fact that Solana's price can be very, very volatile over the next few days. At the moment, no one can say where it will eventually settle down. (Not Financial Advice). This will also be related to how much SOL will be unstaked and has to be thrown onto the market by Alameda and others to pay the liabilities. Also, we don't yet know if we'll see a domino effect like other bankruptcies in recent months. Fundamentally, not that much has changed for Solana in my opinion. Devs are still building and the network is up and running. But: FTX and Alameda were the largest single holders of SOL at around 10%. These SOL are now most likely getting unstaked, which should affects the network directly. Solana also loses its largest and financially strongest financier. That means de facto less money for developments. Not to mention all the FUD around the project. Sam and FTX did massive harm and destruction to Solana. It's time for us to accept that. They made Solana big as VCs, helped it to grow, but did enormous damage to it with the way they are doing business. The market is pricing that in right now.
Solana Price
3 years ago in #leofinance by trff (41)
$0.05
- Past Payouts $0.05
- - Author $0.02
- - Curators $0.02
27 votes
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