Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$72,924.00
5.80%$2,655.56
6.40%$607.00
2.65%$181.14
3.54%$0.999462
-0.10%$0.529411
3.14%$2,654.78
6.46%$0.174501
14.70%$0.165656
1.17%$5.11
2.86%$0.353401
5.35%$0.00001923
10.98%$3,151.48
6.59%$27.02
5.73%$72,925.00
5.89%$2,656.02
6.47%$384.72
7.18%$11.61
7.22%$4.23
4.81%$6.08
1.08%$2.03
23.44%$0.994336
-1.84%$73.57
5.39%$4.45
6.99%$9.99
12.42%$2,793.17
6.49%$7.93
5.83%$0.00000975
11.58%$539.60
6.63%$8.11
5.80%$1.35
11.86%$162.55
1.10%$19.39
4.63%$0.096522
3.55%$0.113688
-3.41%$1.86
10.08%$19.02
2.44%$1.001
0.10%$2.67
17.27%$0.336548
6.42%$0.998382
0.03%$39.77
2.97%$1.42
9.66%$151.93
2.12%$3.70
4.99%$0.546563
7.54%$1.72
10.99%$0.076744
5.00%$6.11
8.91%$0.606553
5.99%$0.72142
7.71%$5.14
8.61%$20.30
9.40%$0.050009
5.19%$0.02263358
5.42%$4.55
5.22%$1.78
21.81%$1.18
1.15%$2,654.20
6.35%$0.00002237
10.06%$0.160731
7.06%$0.395818
10.87%$0.00014962
14.36%$1.071
4.32%$2,980.03
6.48%$0.394972
12.77%$2,775.83
6.48%$2.12
9.73%$1.23
7.43%$1.38
3.08%$7.04
5.46%$5.37
10.75%$8.97
3.87%$17.11
10.71%$9.23
1.76%$72,864.00
5.92%$0.390168
15.55%$0.737958
12.17%$52.52
4.58%$0.123363
7.63%$0.101899
11.08%$1,142.30
3.87%$0.01906161
10.47%$1.097
9.92%$222.87
3.72%$0.01913374
8.69%$2,724.88
6.47%$62.39
3.78%$0.01021897
9.98%$2.69
0.63%$0.336391
6.39%$0.938355
7.97%$0.0000009
4.04%$1.29
6.49%$0.02140577
7.95%$0.925777
10.56%$3.21
-2.90%$0.545372
7.89%$2,645.59
6.21%$5.11
15.85%$72,942.00
5.85%$0.000002
19.06%$1.087
7.40%$36.50
11.62%$0.396344
8.20%$5.03
7.13%$9.48
4.95%$72,992.00
6.27%$0.997775
-0.41%$0.00724629
7.26%$0.126183
1.58%$10.18
7.84%$0.00170467
14.65%$0.01411402
4.48%$0.0000361
4.00%$0.467155
4.57%$25.68
9.91%$0.154809
10.76%$72,789.00
5.88%$0.696833
13.41%$0.25337
11.27%$189.95
3.69%$0.675559
6.64%$2,769.13
0.96%$1.048
5.94%$72,646.00
5.52%$0.802758
16.93%$0.0095937
10.70%$1.017
5.15%$0.996007
-0.10%$0.548323
8.32%$0.00922136
12.68%$2,733.80
6.65%$0.259434
5.46%$1.36
12.58%$0.01356747
6.23%$2,655.16
6.42%$0.999053
-0.13%$2.41
9.09%$1.21
1.64%$0.999714
-0.10%$38.58
1.29%$0.311246
7.92%$0.063594
5.47%$17.48
9.52%$215.35
0.84%$1.57
6.85%$0.00000026
11.87%$2.94
7.00%$2,764.59
0.28%$0.0000936
4.30%$0.055472
3.89%$2,656.02
6.48%$2,879.12
6.63%$0.077617
1.18%$0.453941
16.47%$1.85
4.75%$1.71
18.06%$0.137814
11.19%$2,658.95
6.71%$0.00495789
10.56%$0.995923
-0.12%$1.50
11.39%$8.50
8.79%$1.05
6.45%$0.070451
12.32%$0.23582
9.67%$2,649.54
6.43%$1.054
4.61%$0.00000044
0.96%$0.00
11.13%$24.16
6.66%$0.057086
6.56%$0.02816941
1.69%$0.117987
8.08%$0.140636
10.61%$3.66
10.52%$73,029.00
5.99%$0.407637
1.82%$0.993465
0.68%$11.33
6.59%$1.067
0.06%$0.04227517
12.18%$2,656.75
6.69%$0.07837
17.54%$45.05
6.58%$1.062
0.04%$0.01341886
5.40%$2,659.00
6.61%$7.95
8.60%$0.05657
5.82%$0.500221
3.98%$0.347442
10.28%$0.678772
9.49%$0.204957
17.16%$0.999172
-0.16%$1.001
-0.17%$3.27
9.53%$0.72114
3.81%$0.00666141
11.38%$2,843.80
6.54%$182.96
3.65%$1.51
4.61%$0.265891
6.88%$1.60
13.12%$2,762.14
5.99%$0.0006376
8.39%$2,919.37
6.25%$83.98
1.32%$0.17388
14.20%$0.783432
8.19%$0.322126
7.01%$0.317222
17.37%$0.458439
8.02%$2.47
0.14%$0.257643
8.27%$1.51
11.19%$0.680895
13.12%$0.00384397
3.68%$0.00094118
10.28%$0.00171703
9.24%$0.346305
8.26%$72,507.00
6.01%$3.60
-2.36%$0.302081
21.10%$1,464.25
5.80%$2.43
18.63%$2,811.92
6.37%$0.02940886
1.84%$2.90
26.31%$2.97
1.73%$72,863.00
5.94%$0.338108
9.41%$3.64
2.97%$46.22
18.89%$0.01477407
6.70%$17.85
5.43%$23.22
4.02%$0.727162
10.26%$0.00481445
6.10%$0.094796
0.56%$6.73
8.57%$0.151317
7.32%$4.06
6.02%$0.240083
7.07%$0.01825384
9.40%$0.36182
3.15%$23.76
15.84%Solana (SOL), the token powering the eponymous blockchain network, is down another 6% on Thursday morning, currently trading at $9.45, per CoinGecko.
Once highly praised by the disgraced founder of the now-bankrupt crypto exchange FTX Sam Bankman-Fried, Solana fell below $10 for the first time in nearly two years on yesterday. SOL is now down 96.3% from the all-time high of $259.96 seen in November last year.
Solana’s market capitalization now stands at $3.4 billion, which makes it the world’s 20th largest crypto asset.
With the latest price action, the broader Solana ecosystem also shed 9.2% of its value over the past 24 hours, according to CoinGecko.
Among the most affected is Serum (SRM), the native token of the now-defunct Solana-based decentralized exchange (DEX), which is down 6.5% over the past day, trading below $0.13, and Raydium (RAY) with a 3.4% drop to the current value of $0.14.
Following the FTX collapse, Serum forked off into a community-led project called Openbook, which continues to use the SRM token for simplicity, with most trading volume—over $1.2 million in the day—happening on Binance.
Raydium is one of Solana’s largest decentralized finance (DeFi) protocols and is considered one of the cornerstones of the Solana DeFi ecosystem. The protocol fell victim to a $2 million hack earlier this month and appears to still be struggling in the incident's aftermath, with the total value locked on the protocol plunging to $28.16 million by press time, according to DeFi Llama.
SLND, the token underpinning Solana-based lending and borrowing protocol Solend, is down 4.4% over the day, currently trading at $0.33, per CoinGecko.
Elsewhere, the market is largely trading sideways, with Bitcoin (BTC) shedding 0.3% over the day, currently changing hands around $16,600.
Ethereum (ETH), the market’s second-largest cryptocurrency, is up 0.3%, trading just below $1,200.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.