During his criminal trial, #ftx founder Sam Bankman-Fried testified that he began purchasing Solana's $SOL at a cost of 20 cents per piece.
He disclosed that he thought the money originated from both outside lenders and Alameda's operational #crypto earnings.
Because of its strong ties to Bankman-Fried, SOL has been referred to as a "Sam Coin". Prior to FTX's collapse on November 1st, he and his companies made significant investments in #cryptocurrency Solana-based projects and assets and promoted the company's brand.
The Solana ecosystem was severely damaged by the exchange's demise, and ever since then, the blockchain community has been working to overcome his legacy.
As of this writing, SOL was #trading at $32.
