Vitalik Supports Solana In Its Darkest Hours
- Ethereum
- Culture
- Market Structure
In the wake of Solana's dramatic price drop, largely attributed to its association with the FTX collapse and Sam Bankman-Fried, Ethereum co-founder Vitalik Buterin voiced his support for the blockchain. On December 29, 2022, as Solana's token hit a local bottom of around $8, marking a decline of over 96% from its peak, Buterin highlighted the presence of a smart developer community within Solana. Despite the challenges, he expressed hope for the community's future, suggesting that the departure of 'bad actors' could pave the way for genuine growth and recovery.