Solana DeFi Sees Almost $700M in Value Wiped Out on FTX Fallout

“Solana has undoubtedly taken an enormous blow, and the results of this blow appear way more dramatic and painful than for different blockchains,” Alexei Kulevets, co-founder of Walken instructed CoinDesk in a Telegram message. “But we’re within the midst of bear market, stressed and unpredictable as it could be, it can ultimately reveal the true price of initiatives and token.”