Solana – a crypto that’s otherwise known as SOL to its personal holders – continues to shed value given it’s so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried.
Solana Isn’t Doing Too Well
FTX គឺ currently in the process of filing bankruptcy. Sam Bankman-Fried is accused of lending out approximately $10 billion in user funds to his other company Alameda Research, which was supposed to be a separate and independent entity from FTX. By conjoining them through loan activity, he broke several agreement terms and is now awaiting trial for fraud and other charges.
គាត់គឺនៅក្នុង California at his parents’ home. The pair have signed a $250 million bond pledging their home and other personal assets as collateral should SBF choose to flee the country. Two other close friends have also pledged their assets to the bond requirement.
The Securities and Exchange Commission (SEC) – which is presently engaged in a civil suit against SBF and FTX – has stated:
Bankman-Fried កំពុងរៀបចំការក្លែងបន្លំដ៏ធំ អស់រយៈពេលជាច្រើនឆ្នាំ ដោយបង្វែរប្រាក់រាប់ពាន់លានដុល្លារនៃមូលនិធិអតិថិជនរបស់វេទិកាពាណិជ្ជកម្មសម្រាប់ផលប្រយោជន៍ផ្ទាល់ខ្លួនរបស់គាត់ និងដើម្បីជួយពង្រីកអាណាចក្រគ្រីបតូរបស់គាត់។
Solana has deep ties to the fallen exchange and has since crashed by more than 96 percent since reaching an all-time high during the month of November 2021. During that time, it was trading for just shy of $260 per unit. At the time of the FTX bankruptcy, the currency had fallen to less than ten dollars.
Solana’s ties to FTX are so deep that it’s often dubbed “Sam Coin” in កិត្តិយស របស់ Sam Bankman-Fried (មិនមែនជាកិត្តិយសធំបែបនេះទៀតទេ)។ ទ្រព្យសកម្មនេះមានតំណភ្ជាប់ទៅនឹងការផ្លាស់ប្តូរគ្រីបតូតាមខ្សែសង្វាក់ដែលគេស្គាល់ថាជា Serum ដែលត្រូវបានបង្កើតឡើងដោយ Bankman-Fried ផងដែរ។ Solana ត្រូវបានចេញដោយ Solana blockchain ដែលបច្ចុប្បន្នចូលរួមក្នុងពិធីការហិរញ្ញវត្ថុវិមជ្ឈការ (defi) និងផ្តល់ជូននូវផលិតផលរូបិយវត្ថុដូចជាប្រាក់កម្ចី និងកម្ចីទិញផ្ទះ។
Not long ago, Solana was considered one of the most promising digital assets on the market, though things have certainly taken a nasty turn with the recent collapse of FTX. Still, there are some that claim it has a lot of potential, one of those being Vitalik Buterin. As the co-creator of Ethereum, Buterin recently stated on social media:
មនុស្សឆ្លាតខ្លះប្រាប់ខ្ញុំថា មានសហគមន៍អ្នកអភិវឌ្ឍន៍ឆ្លាតវៃដែលរកចំណូលបានច្រើនបំផុតនៅ Solana ហើយឥឡូវនេះ លុយឱកាសដ៏អាក្រក់ដែលមនុស្សត្រូវបានលាងចេញ ខ្សែសង្វាក់មានអនាគតភ្លឺស្វាង។ ពិបាកសម្រាប់ខ្ញុំក្នុងការប្រាប់ពី [ខាងក្រៅ] ប៉ុន្តែខ្ញុំសង្ឃឹមថាសហគមន៍ទទួលបានឱកាសត្រឹមត្រូវដើម្បីរីកចម្រើន។
Could His Words Lend a Hand?
It’s unclear if this will help boost the currency’s prospects with traders.
Given Buterin’s present standing in the industry, it’s likely to do something, though things remain bearish at press time.
Source: https://www.livebitcoinnews.com/solana-continues-to-crash-due-to-ftx-ties/