The consequences of growing Solana skepticism have been dire, based purely on numbers. From a peak price of $258.78 on Nov. 6, 2021, Solana’s SOL token has declined to just over $10. That’s a drop of 96%, vastly sharper than the drawdown from peak for BTC (-74.5%) and ETH (-74.6%). It’s even a sharper drop, incredibly, than dogecoin (DOGE) has seen in the bear market – the meme coin is down a mere 76% from its October 2021 local high, though it’s 87% down from its May 2021 all-time high.
Source: https://www.coindesk.com/consensus-magazine/2022/12/28/why-solana-was-decimated-by-bankman-frieds-downfall/?utm_medium=referral&utm_source=rss&utm_campaign=headlines