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An influential trader in the crypto community recently speculated that Solana might pump
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If Binance chief Changpeng Zhao CZ tweets anything positive regarding his proposed takeover of FTX.
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However, it seems unlikely that Solana will make any meaningful recovery as no buyers are available now.
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Since Saturday's fake pump, Solana has been continuously dumping.
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Google announced that it was running a Solana validator to verify the network.
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After the price reached $38 on some exchanges, Solana began dumping shortly after that.
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Recent claims by on-chain analysts that FTX could be using Solana's Ethereum bridge for token sales have been made.
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All exchange order books show heavy Solana selling with some buying orders at $17.1 or $15.1
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Crypto.com also stopped USDT and USDC withdrawals to the Solana chain.
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Deribit, a derivatives trading platform, has also paused SOL options expiring and has paused USDC and USDT withdrawals.
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