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Not Just FTX Tokens: Solana Price Surges 40% Along With Other “Sam Coins”

Solana (SOL) is on track to record its worst daily performance on record.

On Nov. 9, SOL’s price fell more than 40% to around $16, largely due to its association with Sam Bankman-Fried, founder of crypto-focused hedge fund Alameda Research and cryptocurrency exchange FTX.

daily price chart. Source: TradingView
daily price chart. Source: TradingView
SOL/USD daily chart. Source: TradingView