Solana price, along with fellow tokens Lido and Render, has felt the brunt of the FTX exchange’s collapse. In the last few days, the trajectory of all three has shifted from slightly bullish to extremely bearish, resulting in declines of almost 60%.
Ethereum (ETH) is seeing a fall in supply as a result of the Merge which supporters argue make it a sound investment and could help it weather the crypto winter currently devastating the DeFi market.
The aftermath of FTX’s collapse is something that the crypto industry is still dealing with, but a few altcoins seem to be making noise. These altcoins are showing strength amid a sea of red, suggesting a shift in investor sentiment and capital rotation.
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