Solana (SOL) Has a Bright Future, Says Ethereum’s Vitalik Buterin
Vitalik Buterin believes Solana has a bright future ‘now that the awful opportunistic money people have been washed out.’
Vitalik Buterin Supports Solana in the Latter’s Hour of Distress
Solana has lost several projects to its competitors; however, there appears to be a ray of hope as Vitalik Buterin expresses his support for the blockchain and its ecosystem. Ethereum’s Buterin believes that the network can still get a hold of its operations and get the values back to the list of top 20 cryptocurrencies.
Solana Joins Ranks of FTT, LUNA With SOL Price Down 97% From Peak
Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021.
SOL Price Recovers as Vitalik Tweets Support for Solana Community
Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project on Twitter. Buterin wrote in a tweet: Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from the outside, but I hope the community gets its fair chance to thrive. The price of Solana (SOL) sat close to $9.44 for much of today. It then fell 13.2% to $8.19 in a matter of hours. Following Buterin’s tweet, the price rose 24.8% to $10.22. (cryptoslate)
Ethereum Co-founder Vitalik Buterin: Hope Solana Community Gets Its Fair Chance to Thrive
Ethereum founder Vitalik Buterin @VitalikButerin on Twitter:" Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from outside, but I hope the community gets its fair chance to thrive"
2022 Solana Exploits Overview: 11 Significant Attacks, $523 Million Lost
Solana, a public blockchain platform, has suffered 11 significant attacks over the last year resulting in a total loss of ~$523 million.
Solana Down More Than 20% in the Last 7 Days Alone, Is There an End in Sight?
According to crypto data aggregator Coinmarketcap, the price of Solana is down more than 20% in the last 7 days alone. These losses align with the general bear market trend being experienced in the crypto sector but the decline in faith in the digital asset brought about by the collapse of FTX, Solana’s biggest support, puts added pressure on it.
Solana’s Misery Continues As Development Activity Takes a Back Seat
A lot of the developer activity on the Solana network had been faked. It was reported that the illusion of increasing development activity was created via artificial identities.
Bitmain Founder-Backed Asset Manager to Delist Solana
The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year.
Avalanche's AVAX tops market cap of Solana’s Sol, Coinbase pops 8%
The market cap of Avalanche's native AVAX token surpassed Solana's, reaching $3.47 billion compared to Sol's $3.43 billion.
