Market Cap: $2,700,456,032,191
24h Vol: $93,275,432,026
Cryptocurrencies: 28943
Markets: 114116
Cryptocurrencies: 28943
Markets: 114116
Market Cap: $2,700,456,032,191     
24h Vol: $93,275,432,026
Seeking Alpha 2022-12-28 12:31:16

Solana drops further on concerns that large holders will sell

Solana drops further on concerns that large holders will sell
While many alt-coins weakened in early Wednesday trading, solana ( SOL-USD ) has tumbled the most, down 10% , amid worries that large holders will sell the token, Bloomberg reported . In the past year solana ( SOL-USD ) has plunged 94%. The token has been hard hit by the bankruptcy of Sam Bankman-Fried's FTX cryptocurrency exchange and his Alameda Research hedge fund, which had backed the token. Meanwhile, the two largest tokens by market value have declined more modestly. Bitcoin ( BTC-USD ) slipped 0.8% in the past 24 hours to $16.67K and ethereum ( ETH-USD ) fell 1.8% to $1.19K. Ripple ( XRP-USD ) declined 2.5% , dogecoin ( DOGE-USD ) -4.6% , cardano ( ADA-USD ) -3.8% , and polygon ( MATIC-USD ) -3.5% . SA contributor Mike Fay explains why solana ( SOL-USD ) is faced with more than just FTX contagion
esptco-banner img
Latest News

Videos

  • Spot Trading vs P2P Trading!

  • A Step by Step Guide To Use and Utilize Cryptocurrency!

  • What is Bitcoin Mining? Step By Step Process!

  • What is a Bitcoin Wallet? How Bitcoin Wallets Work? Public & Private Key Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire