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Solana (SOL) is down more than 25% over the past 24 hours, with the cryptocurrency jumping amidst shocking news developments about crypto exchange FTX.
Having been above $32 early on Tuesday, the SOL/USD pair touched a low of $24. This is because Sam Bankman-Fried’s FTX is in trouble and the news that Binance has moved to help puts selling pressure across the crypto market as all major cryptocurrencies turned to losses. . By agreeing to a purchase agreement.
CNBC Crypto Trader Ran Neuner and Crypto Banter founder Ran Neuner pointed out the SOL price issue in relation to what Binance trading on FTX means for Solana.
“Solana [is] be killed he tweeted, causing crypto prices across the market to drop. According to analysts, the market is on the verge of slamming Binance’s CEO Changpeng Zhao as “We currently own 10% of the tokens and would rather support the BNB chain than SOL.
he added:
“Solana also lost all the support and investment that FTX and @SBF_FTX had in the ecosystem.
Solana killed.the market that noticed @cz_binance We currently own 10% of the tokens and would rather support the BNB chain than SOL.Solana also works with FTX and @SBF_FTX It was made with an ecosystem.
Ran Neuner (@cryptomanran) November 8, 2022
