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Solana takes a major hit from the FTX debacle

Though all the market has suffered from the recent news, Solana seems to be the more impacted of all. FTX and Alameda Research are two of the biggest backers of the Solana blockchain, so their downfall was bound to take the token along for the ride down.
The SOL token has dropped by more than 50% in 4 days.
Will it have a permanent impact on the future of blockchain dubbed « Ethereum killer » ?

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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