The price of Solana (SOL) has been up by over 80% in the past 30 days. Meanwhile, there has been a significant movement of funds in the FTX and Alameda research wallets. Has the price pumped to give a favorable exit to FTX?

It is a well-known fact that FTX and its sister trading company, Alameda Research, had significant exposure to Solana. As the company is undergoing bankruptcy, it needs to liquidate the assets to make the depositors whole.

Solana Outperforms Market While Spot Trading Volume Is at Yearly Lows

According to Bloomberg, the market depth and the spot trading crypto volume are at the lowest point in 2023. 

Read more: Order Book: What Is It and How To Use It in Crypto Trading?

Despite the lower volume, Bitcoin rallied by over 25% in October. And Solana skyrocketed by over 80%, outperforming the flagship crypto, Bitcoin. On Wednesday, it recorded a new yearly high of $46, pumping over 25% in

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Author: Harsh Notariya

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