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Solana Has Been Having A Bad Week Since FTX Collapsed by readthisplease

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· @readthisplease ·
$11.43
Solana Has Been Having A Bad Week Since FTX Collapsed

This is absolutely the worst time to have been endorsed by FTX, remember when Sam Bankman Fried was a big supporter of Solana. Aside FTX native token, FTT, Solana has ben amongst the worst performer for the week. Going to take a while for people to get their mind off the fact Sam BankMan-Fried is not associated to Solana. When Sam Bankman-Fried was endorsing Solana some people thought he was one of the creators of Solana, since he is a big fan, it was a stigma that affected the coin. 
![33D0C833C07E4A98820D8781CC72A5FA.jpeg](https://i.imgur.com/5MLe1xN.jpg)
Solana is a great coin with utilities and its been striving recently, at least it has not had any blockchain shut down recently, but unfortunately this is when Solana is performing badly. No one cares about the utility or what it can do right now, they are probably scared based on FTX and sam bankman-fried endorsement. Does Solana have any hope on being the Ethereum Killer again? Its just a matter of time before we might just see another pump in Solana soon, may be if we start seeing a big trade in NFTs, because, in my opinion, NFTs kinda made Solana relevant. It played a big role to Solana’s adoption, but now the NFT trend has dropped, the rate at which people are utilising the blockchain has drooped. Lets see what the next bull run holds for the blockchain. 


FTX was a big contribution to the market dip this past week, because it was one of the biggest crypto exchange in the wold by volume, they held a lot of Solana, rumour had it that when the exchange native token was dipping, the exchange sold all its Solana to buy back FTT to pump it back up. A lot of lessons have been learnt from this FTX collapse and one of the most important lesson is never trust a person that is highly centralised and claims to be the crypto saviour, the only financial crypto saviour that succeeded is Satoshi Nakamuto and he was anonymous and still is. Bitcoin was centralised for a moment before he finally made it decentralised, this is what we should focus on, decentralisation. 

The whole crypto market is dipping and everyone is panicking, the people that didn’t invest in crypto are feeling lucky because they feel this is the end, the keep saying, this is it, this how crypto dies and goes, and I am tired of telling them that the companies and issues associated to crypto crash is coming from the centralised point, not from the decentralised part. Look at Luna, it was centralised by Do kwon, now look at the rest from voyager, to 3AC to FTX all centralised. Now avoid centralisation and focus more on decentralisation. 

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