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Solana's SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months
The Solana token's massive rally this year increases the odds that FTX customers will recoup all their lost money.
Solana's native token SOL has rallied 20% in the last 24 hours, continuing a three-week upswing that erased the asset's yearly losses – and then some.
The token was trading hands near $54 at press time according to CoinDesk market data . It had last held that level in the weeks following Terra Luna's market-shattering collapse in May 2022.
The price surge comes on the heels of Solana's annual conference and in spite of market jitters over going-on at FTX Group, a major holder of the SOL token. That bankrupt company has sent mixed messages about what it plans to do with its sizable stake.
Read More: https://www.coindesk.com/markets/2023/11/10/solanas-sol-rallies-20-in-a-day-erasing-woes-of-past-18-months/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The Solana token's massive rally this year increases the odds that FTX customers will recoup all their lost money.
Solana's native token SOL has rallied 20% in the last 24 hours, continuing a three-week upswing that erased the asset's yearly losses – and then some.
The token was trading hands near $54 at press time according to CoinDesk market data . It had last held that level in the weeks following Terra Luna's market-shattering collapse in May 2022.
The price surge comes on the heels of Solana's annual conference and in spite of market jitters over going-on at FTX Group, a major holder of the SOL token. That bankrupt company has sent mixed messages about what it plans to do with its sizable stake.
Read More: https://www.coindesk.com/markets/2023/11/10/solanas-sol-rallies-20-in-a-day-erasing-woes-of-past-18-months/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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