Solana (SOL) price suffered a major setback after the FTX exchange filed for bankruptcy. But SOL’s comeback is nothing short of a miracle, considering
Solana price performance since the start of 2023 is 195%, beating Bitcoin’s 82% and Chainlink’s 70.52%. This performance could carry forward to the next year, keeping SOL relevant and rallying higher. Technicals suggest SOL could more than double if a few conditions are met. its year-to-date returns of 195% overshadow that of Bitcoin and Ethereum.
While these SOL tokens are likely to be sold off, it will not happen overnight but only after the FTX lawsuit has been concluded. SOL staking and fundamentals: While many feared that FTX Estate would sell the bankrupt exchange’s holdings, it did the opposite – it staked $122 million worth of SOL and $5 million worth of ETH. This move adds to the Solana altcoin’s fundamentals and prevents the sell-off, at least for some time.
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