A guilty verdict last week for Sam Bankman-Fried could prove additional good news for holders of a token long linked to the former FTX CEO that's already up more than 300% in 2023.
The Solana blockchain, and its native token SOL, was created in 2020 as a faster, cheaper alternative to Ethereum. Bankman-Fried was once a major backer of Solana and called SOL the "most underrated" token. At its peak in 2021, the cryptocurrency was worth as much as $260, but while SBF’s support was once a boon for the token, it later weighed it down.
