Holpop News

Ethereum founder Vitalik Buterin expressed words of support for the Solana blockchain, which has suffered considerably in the wake of the FTX collapse.
“Some smart people have told me that Solana has a serious community of smart developers, and now that the creepy opportunistic money-lovers have been flushed out, the network has a bright future. It’s hard for me to speak from the sidelines, but I hope the community has a chance to thrive,” Buterin wrote.
SOL’s main downfall has huddled because of its association with Sam Bankman-Fried, who invested in the asset and supported Solana-based projects with venture capital deals from FTX and market-making from Alameda Research. In addition, his companies still hold about 58 million SOL coins. According to the cryptocurrency community, liquidation of these assets could further reduce the price of SOL.