SOL price recovers as Vitalik tweets support for Solana community
Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project sa Twitter. Buterin wrote in a tweet: Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from outside, but I hope the community gets its fair chance to thrive???????? The price of Solana (SOL) sat close to $9.44 for much of today. It then fell 13.2% to $8.19 in a matter of hours. Following Buterins tweet, the price rose 24.8% to $10.22. Presyo ng Solana Mike Dudas, co-founder and former CEO of The Block and founder of 6th Man Ventures, observed that the asset‘s price chart resembled the “V” in Buterin’s first name. “This formation is generally referred to as The Vitalik,” he quipped. The value of Solana‘s SOL token has fallen dramatically over the past several weeks, likely due to Solana’s relationship with the failed exchange FTX. In November, the asset crashed 55% and was one of the months worst-performing tokens. The lead-up to SOLs latest crash appears to have begun around Dec. 28. That day, rumors emerged that former FTX CEO