Solana Report by Citibank! Why is the Left Rising, Escaped from Going to Zero at the Last Moment?

The popular crash that collapsed with the bankruptcy of FTX and its sister company, Alameda Reserach. altcoin Left (LEFT) recovered in the last rally.

While everyone is waiting for Solana to go to zero dollars LEFTprimarily released in the last days of 2022 BONKWith the effect of the rally, it increased by approximately 50%.

Evaluating the mobility in Solana Citibank Analysts, in the report they prepared, indicate that the active addresses in the Solana network and the daily NFT He noted that trading volume is back to the latest levels before the collapse of crypto exchange FTX.

Citi analysts led by Joseph Ayoub also said that FTX’s filing for bankruptcy has sharply reduced SOL’s circulating supply.

“The bankruptcy of FTX has sharply reduced SOL’s circulating supply while also increasing uncertainty about the future of blockchain.

But a few key metrics in the data, such as active addresses and NFT volume on the SOL network, show it is back to pre-FTX crash levels.

This potentially points to the comfort of some users on the chain.”

Citi analysts also presented on the Solana network in late 2022. BONK He stated that his project ensures that SOL investors remain active.

On the brink of collapse with the bankruptcy of FTX wither It has increased by 27.52% in the last 7 days and continues to be traded at $ 16.55 at the time of writing.

*Not investment advice.