The price of the decentralized finance (DeFi) token Solana (SOL) continues to fall over questions about the network's close affiliation with the FTX cryptocurrency exchange, which has since gone bankrupt. Currently, Solana is trading at $9.17, down 3.2% on the day and a further 22.93% across the previous week, with the SOL price crashing at one point as low as $8.14, its lowest price since February 19, 2021. Sol price 1-day chart. Source: Finbold The rapid price decline has accelerated in particular with the arrest of Sam Bankman-Fried, the founder of FTX, with SOL wiping over $1 billion from its market capitalization in the last week, falling from $4.36 billion to $3.33 billion at the time of publication. Sol market cap 7-day chart. Source: CoinMarketCap Solana technical analysis The technical analysis of Solana's daily gauges on TradingView are primarily bearish, with a summary aligning with the 'strong sell' sentiment at 16, while moving average...