Solana (SOL) surged nearly 10% in the past 24 hours, surpassing $63 and experiencing its highest prices since last May.
The rally follows the conviction of crypto tycoon Sam Bankman-Fried, a major early backer of Solana.
Bankman-Fried, holding over $1 billion worth of SOL tokens, faced a sell-off from wallets linked to FTX.
Solana (SOL) jumped nearly 10% in the past 24 hours, leading gains among top cryptocurrencies as investors regain confidence in the blockchain project once heavily backed by the now-disgraced Sam Bankman-Fried.
SOL crossed above $63 on Wednesday, reaching prices not seen since last May. Trading volumes also spiked over 70% from recent averages to over $3.3 billion.
Solana rallies after SBF’s fraud charges
The rally comes on the heels of crypto tycoon Bankman-Fried’s conviction on fraud charges related to the implosion of his companies, FTX and Alameda Research. As a major early backer, Bankman-Fried acquired over $1 billion worth of SOL tokens.
When cracks in hi
We współpracy z: https://thenewscrypto.com/solana-soars-10-as-optimism-grows-post-ftx/
