Solana slides again – token down 96% from ATHs

Dec. 28, 2022 at 1:45 pm

By Samuel Wan

Solana took another sharp fall today, sinking below $10 for the first time since February 2021.

Bulls stepped in at $9.66 in the early hours of Dec. 28 (GMT), leading to a recovery that topped out at $10.20. As of press time, SOL was hovering close to the psychological $10 level once more, at $10.02 after dipping below $10 for a second time hours before.

Since the FTX collapse, Solana has been under pressure due to the project’s close ties with the disgraced exchange.

However, hardcore believers continue to be optimistic in the face of adversity. For example, @LitecoinYagami tweeted:

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