The association with FTX brought misery to SOL in the past as well. The stunning collapse of the exchange in the fall of 2022 brought down the market.
. The bankrupt exchange got court approval to sell its assets, a vast majority of which is held in SOL.
The attached graph highlights how SOL plunged by nearly 10% as social mentions of the asset skyrocketed. This, despite the plan having adequate safeguards in place, such as placing a cap on the weekly liquidation value.The association with FTX brought misery to SOL in the past as well. The stunning collapse of the exchange in the fall of 2022 brought down the market with it.
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