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

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“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.”

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