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International Business Times
International Business Times
Business
Nica Osorio

SBF-Linked Cryptocurrency Rises And Flips Ripple, Grabs Fifth Place On Top Crypto List

Crypto Solana Sam Bankman-Fried FTX SOL Bitcoin Chainwire decentralized finance
Paris, France, May 3rd, 2023, Chainwire (Credit: Chainwire)

KEY POINTS

  • Solana is now worth more than Ripple (XRP), as it's valued at nearly $34 billion
  • SOL has had an impressive 700% increase in value since it bottomed out at the end of 2022
  • Solana was trading in the green zone at $86.84 as of 4:22 a.m. ET on Thursday

Solana (SOL), the native cryptocurrency of the blockchain platform of the same name, and the crypto asset that suffered significantly after FTT when Sam Bankman-Fried's FTX collapsed, is slowly rising from the ashes and has even flipped popular crypto assets as it sits on the fifth spot of the top cryptocurrencies.

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