FTX Fallout Wipes Out $700M From Solana DeFi

“Solana has undoubtedly taken a massive blow, and the consequences of this blow seem far more dramatic and painful than for other blockchains,” Alexei Kulevets, co-founder of Walken told CoinDesk in a Telegram message. “Yet we’re in the midst of bear market, restless and unpredictable as it may be, it will eventually reveal the true worth of projects and token.”