Solana at the bottom — the post-FTX low

Solana was the asset most closely associated with FTX and Alameda, and after the exchange collapsed in November 2022 its price kept sliding through the end of the year. This window contains the low of the entire cycle: price touches $7.78 before closing near $9.97, and the asset would trade many times higher within a year.

Trading it is brutal because the bear case was specific and credible rather than vague. Major backers had failed, network activity had fallen sharply, and there was a serious argument that the ecosystem would not recover at all. The bottom offers no confirming signal — it is simply the last low before buyers stop being overwhelmed.