Wow! Bitcoin bouncing off $15,500 overnight last night with some protocols still to go. I don't know how far this can go but it seems to me that it has only just begun.
The US government intends to launch an investigation into FTX and other SBF companies. Binance pulls out of FTX buyout deal after just one day of account review. Bibit, OKX, Crypto.com, Kucoin and other exchanges are in the crosshairs. Solana collapses and drags many protocols in her fall.
The price manipulations in the next few hours in solana are going to ruin a lot of people. Solana is on the lookout for a $1bn release of their token which is probably FTX's last chance to recapitalize, so they will speculate on the shorts and try to pump the token when it bottoms out.
The safest today is probably the dollar or Bitcoin.
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