Solana (SOL) is currently riding a wave of its own, rallying significantly in the last 24 hours to a 22-month high. Interestingly, there is reason to believe that FTX’s former CEO, Sam Bankman-Fried (SBF), might have contributed to this bullish momentum. 

Solana Rises To As High As $136

Data from CoinMarketCap shows that SOL rose to as high as $136 and almost hit $137 in its latest move to the upside. This rally from the crypto token comes following a New York Times report that Bankman-Fried was offering investment advice to the prison guards and explicitly asked them to invest in SOL. 

SBF is known to have a long history with the crypto token, so it isn’t surprising that the FTX founder is shilling SOL to them. The convicted crypto founder has been vocal about SOL even when it was trading under $3 back in 2021. Meanwhile, Bankman-Fried’s Alameda Research also happened to be one of the principal backers of Solana. 

The defunct crypto exchange FTX also has SOL as one of its largest crypto holdings. Therefore, Bankman-Fried contributing to Solana’s price surge from prison doesn’t seem like a bad idea. Moreover, some will argue that it’s the least the former executive could do, considering that his company’s collapse si

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Author: Scott Matherson

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