Solana extended recent gains on Wednesday, as the token rose by as much as 15% in today’s session. The move saw prices hit their highest point since mid-December, and comes as market sentiment has shifted in a bullish direction. Cardano was also in the green, as it hit a one-week high today.

According to its official one-pager, BONK is the very first Dog-themed memecoin on Solana that’s “for the people, by the people.”

Solana's largest NFT marketplace, Magic Eden, displayed incorrect images for some non-fungible tokens yesterday. Some of the misplaced stills included "unsavory" adult content — the result of a compromised third-party image cacher, it claims.

The washout of crypto exchange FTX hasn't kept the Solana network from attracting users and developers, according to Austin Federa, head of strategy and communications at the Solana Foundation.

NFT trading volumes on Solana are showing signs of strength for the ecosystem despite its native token losing about 94% of its value last year, with the week of Dec. 25 seeing the most activity since September. 

Solana was up by almost 8% on Tuesday, as the token rose for a fifth consecutive session. Recent moves have come despite the Christmas and New Year period, where market volumes were somewhat muted. Cosmos was also in the green, as prices rose to a multi-week high.

On January 2, the price of a Solana was going for $11.13, which represented an increase of 13.88% over the previous twenty-four hours but a decrease of 2% over the preceding week. In a little over an hour, the price of Solana shot up from around $10 to over $11, and add one point was up as much as 15% in the last 24 hours.

Solana (SOL), once a praised contender for Ethereum, is now down 96% form ATH.

FTX debtors and Bahamas lay different claims; MicroStrategy sells off Bitcoin for the first time then buys more; Italy approves 26% crypto gains tax; Turkey’s central bank runs first CBDC pilot; the status of proof of reserve as of year-end 2022.

Vitalik Buterin believes Solana has a bright future ‘now that the awful opportunistic money people have been washed out.’

Solana has lost several projects to its competitors; however, there appears to be a ray of hope as Vitalik Buterin expresses his support for the blockchain and its ecosystem. Ethereum’s Buterin believes that the network can still get a hold of its operations and get the values back to the list of top 20 cryptocurrencies.

Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021.

Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project on Twitter. Buterin wrote in a tweet: Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from the outside, but I hope the community gets its fair chance to thrive. The price of Solana (SOL) sat close to $9.44 for much of today. It then fell 13.2% to $8.19 in a matter of hours. Following Buterin’s tweet, the price rose 24.8% to $10.22. (cryptoslate)

Ethereum founder Vitalik Buterin @VitalikButerin on Twitter:" Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from outside, but I hope the community gets its fair chance to thrive"

Solana, a public blockchain platform, has suffered 11 significant attacks over the last year resulting in a total loss of ~$523 million.

According to crypto data aggregator Coinmarketcap, the price of Solana is down more than 20% in the last 7 days alone. These losses align with the general bear market trend being experienced in the crypto sector but the decline in faith in the digital asset brought about by the collapse of FTX, Solana’s biggest support, puts added pressure on it.

A lot of the developer activity on the Solana network had been faked. It was reported that the illusion of increasing development activity was created via artificial identities.

The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year.

The market cap of Avalanche's native AVAX token surpassed Solana's, reaching $3.47 billion compared to Sol's $3.43 billion.

Another crypto platform parted ways with Solana as TVL and SOL price downfall continues due to FTX contagion. Crypto asset management firm Matrixport will delist Solana and Solana-U dual-currency investment products on December 30. Matrixport is founded by Jihan Wu, a crypto billionaire and co-founder of bitcoin mining hardware giant Bitmain.