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$SOL: Citi Says Solana’s Transaction Activity Is at Pre FTX Collapse Levels

Citi (C), in a research study published on Thursday (12 January 2023), stated that despite the fact that an estimated 50 million Solana (SOL) coins are stuck in the Chapter 11 proceedings of cryptocurrency exchange FTX, there is still a significant amount of activity on the Solana blockchain.

According to CoinDesk’s report about Citi’s research note, this has significantly decreased the amount of the cryptocurrency that is now in circulation and has exacerbated the level of uncertainty over the future of blockchain technology.

Citi says developers have continued to be active on the blockchain, as seen by the recent airdrop of the new project Bonk Inu ($BONK) to holders of Solana.

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