Solana's FTX Ties Spark FUD, SOL Tanks 23%

• Solana (SOL) worth crash fueled by FUD over alleged FTX holdings.
• The whistleblower claimed that FTX holds 8% of Solana's token provide.
• The worth of SOL is down 23% in six days together with the broader crypto market hunch.

Solana (SOL) took a nostril dive final week, fueled by the Solana FUD (Worry, Uncertainty and Doubt) syndrome triggered by the current revelation linking the SOL token to the now defunct FTX change. This sudden turnaround comes after a current rally that noticed Solana acquire greater than 60% in lower than a month.

The FUD surrounding Solana, mixed with the falling worth, triggered panic within the crypto group. Some customers are involved that the FTX connection may put further bearish stress on SOL, which may result in a long-term fall within the worth of Solana.

Cryptoanalyst Mezoteric highlighted the gravity of the state of affairs on X (previously Twitter), suggesting that the FTX-related revelation may create $6 billion in promoting stress for Solano.

Mezoteric shared…

The publish Solana's FTX Ties Spark FUD, SOL Tanks 23% appeared first on Coin Version.