Ethereum co-founder Vitalik Buterin’s post on Solana on Twitter was effective in increasing the SOL price.
About Vitalik Buterin’s Tweet
Ethereum founder Buterin continues to attract attention with his shares for the crypto industry. He also participated in an interview about the future of the crypto industry in the past weeks. Buterin influenced the Solana price with his tweet dated December 30th. SOL continues to experience a huge downward wave with the FTX collapse.
SOL Price
The SOL price had previously reached an all-time high of $260. Currently, it has experienced a 96% decrease compared to its highest price. When the tweet was posted, the SOL price had fallen below $10 for the first time since 2021. Although the decline in the value of SOL is considered in connection with FTX, the SOL developers deny this.
Tweet by Ethereum co-founder Buterin on December 30;
“Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. It’s hard for me to tell from outside, but I hope the community gets its fair chance to thrive”
After the tweet, the SOL price started to rise gradually. Considering the competition between Ethereum and Solana, the tweet was described by many people as an ethical competition. At the time of writing of this article, the SOL price is at the level of 11.03 dollars according to coinmarketcap data. The SOL price is still far behind the all-time high price. SOL, once mentioned in the top 10 cryptocurrencies, is now 16th.
1 Comment