Four years ago today, $SOL had its worst day ever: down about 42% on Nov 9, 2022, as FTX fell apart.
The rise: SOL launched around $0.22 in 2020 and peaked near $260 in November 2021 on the NFT and DeFi boom.
The fall: FTX and Alameda were among its biggest backers, so the market treated SOL like an FTX asset. By late December 2022 it closed under $10 at one point, about 96% off the top. The chain kept producing blocks the whole time.
The comeback: 2023 was SOL's best year, up roughly 900%. It then set a new high near $295 in January 2025, riding the memecoin rush.
Now: SOL trades around $86 after a low near $62 in June, about 70% below that peak.
The lesson: a network surviving doesn't mean the price is safe, and who holds the supply matters as much as the tech.
#Solana #SOL #CryptoHistory
Not financial advice.
The rise: SOL launched around $0.22 in 2020 and peaked near $260 in November 2021 on the NFT and DeFi boom.
The fall: FTX and Alameda were among its biggest backers, so the market treated SOL like an FTX asset. By late December 2022 it closed under $10 at one point, about 96% off the top. The chain kept producing blocks the whole time.
The comeback: 2023 was SOL's best year, up roughly 900%. It then set a new high near $295 in January 2025, riding the memecoin rush.
Now: SOL trades around $86 after a low near $62 in June, about 70% below that peak.
The lesson: a network surviving doesn't mean the price is safe, and who holds the supply matters as much as the tech.
#Solana #SOL #CryptoHistory
Not financial advice.
