Solana Founders Reassured Investors In The Face Of The Crisis Of FTX

The market is suffering heavily with the collapse of Sam Bankman-Fried’s empire. Solana (SOL) and FTT are the two tokens that have witnessed the strongest drop in recent times. To salvage investor confidence to help the project recover somewhat, the founders of the blockchain “Ethereum killer” spoke up.

On November 9, founder Anatoly Yakovenko spoke on his personal Twitter:

Solana Labs COO Raj Gokal described the FTX failure as a pivotal moment for the ecosystem, as a critical challenge that Solana needed to overcome.

Raj also emphasized that the team has more human strength to go together, the number will be 10 times.

According to the latest update, despite receiving a reassuring signal from the founders, investors should also be careful with SOL when a large number of tokens are unstake today. At the time of writing, SOL is trading at $14.24.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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