I am so sorry fellow stakers.

Some crypto assets are getting hit harder than others so pay close attention to the "Correlations".
Research carefully before staking any asset. This is worse than i feared for so many cryptocurrencies.
I won't speculate on this but i will update when i have more information.

Comment:

The Solana Foundation said Monday it has tens of millions of dollars in cryptocurrencies stranded on FTX – as well as 3.24 million common stock shares in Sam Bankman-Fried’s bankrupt crypto exchange.
In a blog post, the Foundation said it held 134.54 million SRM tokens and 3.43 million FTT tokens on FTX when withdrawals went dark on Nov. 6. Those assets are worth $29.3 million and $4.4 million, respectively, at current market prices per CoinGecko; they were worth around $107 million and $83 million one day before the freeze.
Those holdings point to deep financial ties between Solana and FTX, which created the FTT token and held court over Serum, an on-chain crypto exchange that Bankman-Fried created and which was at the center of much of Solana-based decentralized finance (DeFi).
See also: FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda's Ouster
FTX’s collapse last week continues to reverberate through Solana, perhaps most acutely through its severe sell pressure on the price of SOL, which is down 57% in a week. But FTX’s role in managing infrastructure critical to Solana DeFi has caused a crisis for individual protocols, too.
Many trading projects on Solana used wrapped assets called “Sollet assets” as stand-ins for bitcoin, ether and other non-native cryptocurrencies. FTX was believed to be the issuer and backer of these assets; its collapse has sent them into a spiral and shouldered a handful of protocols with bad debt.
“The total exposure to Sollet-based assets on Solana in circulation is valued at approximately $40 million as of Nov 10, 2022. The status of the underlying assets is unknown at this time,” the blog post said.
The Solana Foundation itself appears to have avoided the worst of the crisis. It held less than $1 million of its balance sheet on FTX when withdrawals ceased. “The impact on Solana Foundation operations is negligible,” the blog post said. It lost no SOL to FTX.
Read more: Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet
Trading funds, exchanges and crypto projects large and small have been disclosing their exposure to FTX and Alameda in light of the firms’ sudden downfall. FTX had loaned some $8 billion in customer deposits to its sister trading firm – a violation of its own terms of service. This created a hole in its balance sheet that ultimately led to its collapse last week.
FTX’s former CEO Sam Bankman-Fried was a key backer of Solana, a smart contracts platform whose native SOL token powers trades across various decentralized finance protocols – much like Ethereum and its “gas” token ETH.
Bankman-Fried’s exchange and trading firm had purchased a total of 58,086,686 SOL tokens from the Foundation and sister entity Solana Labs from August 2020 onwards, the blog post said. The Foundation said it is unclear what will happen to those assets during bankruptcy proceedings.

Comment:

Anyone who is reading this in time and want to recover loss.
Jump on over to COVAL-usd and add to the volume.
200% and corrected 50% holding support and
it looks like its about to go up again. 3x is a high target price with some room for manipulation
i could be wrong and it rally 2000% who knows. i was definite wrong on Media pump this week and sold at 275% and it pumped 2000%
looks bullish but i'm not trading right now. just sharing some information for anyone who wants to hear it.

Comment:

i am taking some vacation time so i will be offline until december 30, 2022

Comment:

BEARISH $1.00 to $4.00 will be the bottom of the bear market so wait until its time. Be smart and be prepared to hold for the bull market breakout. Always buy low then hold and stake.

Comment:

BIG NEWS UPDATE
SOLANA WILL NEVER BE WHAT IT WAS BUT THAT IS NOT THE NEWS.
..
..
There is strong speculation spreading that Algorand has already been chosen for
X payment network of choice. Very smart choice by Elon Musk. Algorand is what Elon Musk inspires. Once this is verified algorand will be the top pick Token.


ALGO TOKEN COULD BE THE NEXT BIG ONE.