With Solana (SOL) being closely affected by the FTX debacle, crypto Twitter expressed sympathy and hopes that its group could make a comeback.
Being one in every of many cash that FTX CEO Sam Bankman-Fried (SBF) supported, SOL has been hit closely amid the FTX collapse. On Nov. 10, the overall worth locked on the Solana chain has fallen by 32.4%. The SOL token misplaced nearly half of its worth, dropping in worth from $38 on Nov. 5 to $17 on the time of writing.
Due to the devastating issues occurring to Solana, crypto group members took to Twitter to supply encouragement to these inside the Solana ecosystem. In a tweet, David Hoffman, the co-founder of content material studio Bankless, wished luck to the Solana group, hoping that this can be their $80 Ether (ETH) second. Hoffman additionally talked about that there’s a “robust and dedicated group” ready on the opposite aspect of the devastating occasion.
Polygon co-founder Sandeep Nailwal inspired Solana supporters to maintain constructing. Nailwal famous that there are good individuals in Solana who did nothing fallacious however are dealing with the brunt of the present state of affairs. The Polygon co-founder additionally highlighted that regardless of the variations, “we’re all brothers and sisters of the identical group.”
Nicholas Chen, the co-founder of blockchain explorer Solana FM, additionally provided his phrases of assist for the group. As a member of the Solana ecosystem, Chen talked about that regardless of this being the third cycle the place he skilled what he describes as “loss of life,” this one is completely different from the others. Whereas “feelings of everlasting doom” might discourage many, he urged group members to “cling in there.”
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By means of the chaos that hit the group, Solana co-founder Raj Gokal provided a really constructive prediction for these constructing their merchandise on the platform. In line with Gokal, Q1 can be their “time to shine” the place they may present the ability of their group.
amidst this chaos…
when you’re an impartial crew simply itching to place your head down (or already along with your head down) specializing in constructing product on @solana, Q1 can be your time to shine.
we’ll present the ability this world group of builders has to push web3 ahead.
— raj (@rajgokal) November 10, 2022
In the meantime, because the FTX saga continues to trigger market turmoil, the broader crypto group has additionally been affected, with asset costs experiencing huge drops. Regardless of the concern, uncertainty and doubts inside the trade, many members of the group stay constructive that Bitcoin (BTC) and crypto are right here to remain.
