Solana NFT Protocol Metaplex Undergoes Company-Wide Layoffs After FTX Disaster
The Solana ecosystem continues to take the toughest of hits following the implosion of FTX which was once one of many world’s largest cryptocurrency change platforms.
Its native token, SOL, gravely suffers because the altcoin has already lost 62% of its worth during the last two weeks.
Based on monitoring from Coingecko, the crypto asset which now ranks 17th by way of market capitalization, is altering arms at $12.88 and has been down by greater than 5% for the previous 24 hours. In the meantime, over the last seven days, the digital coin dumped 22.6% of its spot buying and selling value.
It has additionally been famous by some observers {that a} important variety of app developers have began to pack their luggage and abandon the blockchain community as evidenced by the dwindling variety of its deposited SOL tokens.
Sadly, the tragedy doesn’t finish right here for individuals and staff underneath the umbrella of Solana.
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