Solana (SOL)

Main article: Cryptocurrencies

SOL is a cryptocurrency running on the Solana blockchain.

2022

Crashing quotations due to sister exchange FTX crisis

In November 2022, Solana fell victim to chaos in the BinanceFTX deal -: it was hailed as a "killer," which would Ethereum blockchain revolutionize cryptocurrencies the cost of transactions and speed up.

Instead, Solana has fallen victim to a chaotic - and uncertain - alliance between the industry's two biggest players, Binance Holdings Ltd. and FTX.com. Its SOL token fell 46% on Nov. 9 and lost more than half its value this week alone. Only FTT showed an even stronger drop.

The reason: Solana is backed by Alameda Research, a crypto exchange run like FTX by Sam Bankman-Fried, a student of Binance exchange founder Zhao Changpeng.

Hackers cleaned more than 7,000 wallets via Solana protocol

Main article: Cryptocurrency fraud

In July 2022, hackers cleaned more than 7,000 cryptocurrency wallets through the Solana protocol. Stolen SOL and USDC.

Class action lawsuit in the United States

In July 2022, a class action lawsuit was filed in the United States against key representatives of the Solana cryptocurrency.

Solana Labs, Solana Foundation, Anatoly Yakovenko are accused of illegally profiting from SOL, which, according to the lawsuit, is an unregistered security. SOL is described as a highly centralized cryptocurrency that profits its insiders to the detriment of retail traders.

2021

4th cryptocurrency in the world with a capitalization of $72 billion

By the beginning of November 2021, SOL is on the rise during the rapid growth of cryptocurrencies - it soared up and became the fourth largest cryptocurrency, with a capitalization of $72 billion.

SOL is seen as a potential long-term competitor to Ethereum.

In 2021, the value of the Solana coin soared by about 14,000%.

Getting into the top 10 cryptocurrencies in the world with a market value of $21 billion

According to Coinmarketcap as of August 18, 2021, Solana entered the list of the 10 largest cryptocurrency assets in the world after jumping more than 75% over the past seven days. Over the past 30 days, SOL has risen more than 200%.

Solana has remained the most dynamic digital currency in the top 10 over the past week, followed by Cardano (ADA), Polkadot (DOT) and XRP. The total market value of SOL at this time is about $21 billion. SOL accounts for more than 1% of the total market value of cryptocurrencies.

In addition to Solana, Cardano, Dogecoin, XRP, Polkadot, Binance Coin and Terra, which surged in August, Terra (LUNA), the world's 12th-largest digital currency, has gained more than a 35% in the past 24 hours. Over the past seven days, LUNA has risen in price by more than 100%.