Solana tumbles 94% this year
The price of Solana, a cryptocurrency that was once hyped by former FTX chief executive Sam Bankman-Fried, tumbled on Wednesday according to CoinDesk data, amid concerns that the crypto’s largest holders will sell it.
But... The price of Solana, a cryptocurrency that was once hyped by former FTX chief executive Sam Bankman-Fried, tumbled on Wednesday according to CoinDesk data, amid concerns that the crypto’s largest holders will sell it. But after FTX declared bankruptcy in November, traders sold off their Solana, and the price dropped 65% from around $37 to less than $12. It’s currently 94.09% below its high from a year ago.
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