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Solana overcomes FTX fiasco — SOL price gains 100% in Q1

Published 03/31/2023, 11:25 AM
Updated 04/01/2023, 01:00 PM

The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures, FTX and Alameda Research. But so far in 2023, things have improved for SOL’s price.

Solana’s price has risen 104% to around $20.60 per SOL in the first quarter of 2023, the highest gains compared to any cryptocurrency in the top 25, including Bitcoin (BTC) and Ether (ETH).

Solana beats top-ranking assets’ Q1/2023 returns. Source: Messari
SOL.D monthly price chart. Source: TradingView
SOL/USD daily price chart. Source: TradingView

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