{"id":50805,"date":"2022-08-04T15:35:23","date_gmt":"2022-08-04T13:35:23","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=50805"},"modified":"2023-09-12T16:01:26","modified_gmt":"2023-09-12T16:01:26","slug":"solana-sol-is-the-most-underrated-token-right-now-says-ftx-ceo","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/solana-sol-is-the-most-underrated-token-right-now-says-ftx-ceo\/","title":{"rendered":"Solana (SOL) is the Most Underrated Token Right Now, Says FTX CEO"},"content":{"rendered":"
Solana<\/strong> is among the most popular blockchain protocols in the world. However, the network is currently dealing with a hacking attempt<\/a><\/strong> on its wallets. The attack was initiated on Tuesday<\/strong>, and it has affected more than 8,000 wallets<\/strong>. Moreover, the total amount of stolen funds stands at over $5 million<\/strong>. Nonetheless, crypto billionaire and CEO of the FTX Exchange, Sam Bankman-Fried<\/strong> has<\/span> said<\/strong> that he is bullish<\/strong> on Solana (SOL) despite the recent attack.<\/span><\/p>\n <\/p>\n Bankman-Fried termed Solana as underrated<\/strong>. He warned that it is not investment advice<\/strong> but he firmly believes that the token should have a higher value<\/strong> in the market. He also said that the recent incident does not seem to be a core blockchain problem<\/strong>. It could have been caused by a buggy application<\/strong>.<\/span><\/p>\n Several crypto security firms<\/strong> have also agreed with the analysis of the CEO of FTX. They believe that there was no problem with the Solana blockchain but it occurred due to the compromising of a large number of user private keys<\/strong>. This could have been done by a third party<\/strong>. Despite the reason, Solana made it into the headlines for all the wrong reasons<\/strong>.<\/span><\/p>\n Solana projects itself as a faster alternative<\/strong> to the Ethereum blockchain. It offers smart contracts<\/strong> while allowing the creation of NFTs and decentralized applications (DApps)<\/strong>. Throughout 2021<\/strong>, SOL was the leading performer in the market. It stormed into the list of top 10 cryptocurrencies<\/strong> by market cap.<\/span><\/p>\n <\/p>\nSam Bankman-Fried Puts Weight Behind Solana<\/span><\/h2>\n