FTX implosion takes its first crypto victim ...News

Russia Today - Economy
FTX implosion takes its first crypto victim
source : Russia Today ( News ) () 26
The Solana token is leading the industry’s market meltdown The cryptocurrency Solana, associated with the bankrupt FTX exchange, continued its three-day retreat on Monday to trade at around $14 a token. The price is now down 95% from its all-time high of $259.96 last November. The token has lost 61.6% of its value in the last seven days, according to data firm CoinGecko. The drop is a result of the November 8 collapse of the FTX crypto exchange, which filed for Chapter 11 bankruptcy on Friday. Since then, the price of Solana has declined by 51.5%, which translates into a $5.5 billion loss in market value. The laun

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