[ad_1]

Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’

Solana (SOL) is on the track to log its worst daily performance on record.

On Nov. 9, SOL’s price dropped more than 40% to around $16 primarily due to its association with Sam Bankman-Fried, the founder of crypto-focused hedge fund Alameda Research and cryptocurrency exchange FTX.

daily price chart. Source: TradingView
daily price chart. Source: TradingView
SOL/USD daily price chart. Source: TradingView