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

• Solana (SOL) value crash triggered by FUD over alleged FTX holdings.
• Whistleblower claimed FTX held 8% of Solana’s token provide.
• SOL value down 23% in six days alongside the broader crypto market stoop.

Solana (SOL) nosedived previously week, fueled by Solana FUD (Concern, Uncertainty, and Doubt) syndrome triggered by a current revelation linking SOL token to the now-defunct FTX change. This sudden reversal got here after a current rally that had seen Solana achieve over 60% in lower than a month.

The FUD surrounding Solana, mixed with the value crash, despatched panic by way of the crypto neighborhood. Some customers concern that the FTX connection might exert additional bearish stress on SOL, probably resulting in a chronic Solana value crash. 

Crypto analyst Mezoteric highlighted the severity of the scenario on X (previously Twitter), suggesting that the FTX-linked revelation might create a $6 billion promoting stress for Solana.

Mezoteric shared…

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