After gaining by over 45% in the past week, Solana (SOL) seems to be preparing for yet another gargantuan move as more odds pile in its favor.

The past year has been harsh for Solana. Since tapping an all-time high of $260 in November 2021, SOL has plunged roughly 91%. And whereas SOL’s drop for most of 2022 can be attributed to the general turnaround by the crypto market, the collapse of giant crypto exchange FTX battered the crypto further, sending it to as low as $8.

In recent weeks, Solana seems to have regained community trust, with Austin Federa, head of strategy and communications at the Solana Foundation noting in an interview with Bloomberg Friday that they have since severed all ties with FTX. Furthermore, the community is stoked at various partnerships as well as plans to build a new validator chain aimed at increasing Solana’s performance. Federa noted that the new validator would eradicate the incessant outages and instability issues that have been affecting Solana, for good.

(By Newton)