Why Solana Dropped 50% in Just 1 Week?

The last six months of this year were not so good for cryptocurrencies as we have seen a lot of downfall in crypto.

Solana is one of the top cryptocurrencies in the crypto world.

We saw that Solana dropped more than 50% in just 1 week. But Why?

Actually, this is happening because of the FTX crypto exchange collapse.

FTX is one of the big players in the crypto exchange, its toke FTT collapsed so they asked Binance to help.

Binance agreed to help and offered that they want to acquire FTX.

According to the FTX, Binance is backing out of the deal of acquiring FTX.

Binance and FTX, both play a major role in the crypto world, and that’s why the whole crypto market is affected.

It can be a good opportunity for those who want to invest in crypto as the market is very down.

Do your own research before investing in any cryptocurrency and if you are new, learn how things work before investing.

Wanna Learn Basics of Crypto Currencies?

Click here