The Solana ecosystem is facing with a "crucible moment" as its native altcoin SOL has lost almost 40% in price just within a single day amid FTX drama, Solana Labs COO, Raj Gokal, said in a tweet.
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He added that Binance "seems to care" about the ecosystem, however they have a "lot of work on their hands." Gokal continued:
"jump is still building, supporting teams, and generally being a class act. they have a ton of work on their hands as well. everyone does."
FTX has been one of the biggest betters on Solana almost from the very beginning as the trading platform repeatedly tried to support the project. In March, FTX supported the launch of an exchange-traded product (ETP) based on the Solana blockchain on Xetra's Deutsche Börse structure. In addition to that, FTX also launched its own decentralized cryptocurrency exchange called Serum on Solana.
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