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Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible? Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?
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Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?

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Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak  On the daily chart, SOL’s price rebounded to around $10.25, up over 20% from its previous day’s low of approximately $8.  SOL/USD weekly price chart. Source: TradingView Nevertheless, the intraday recovery did little to offset the overall bear trend — down 97% from its record peak of $267.50 in November 2021, and down over 20% in the past week.  But while the year has been brutal for markets, Solana now joins the ranks of the worst-performing tokens of 2022, namely FTX Token and LUNA, which are down around 98%.  FTT (red) vs. LUNA (green) vs. SOL (blue) ...