Cryptocurrencies
Crypto Wunderkind’s Tokens Surge on Best-Performing List
- Solana digital coin has surged about 40% in the past week
- Sam Bankman-Fried also runs FTX exchange and helps with Serum
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Cryptocurrency FOMO is playing out in real time for just about any token associated with Sam Bankman-Fried, head of the trading firm Alameda Research and the FTX derivatives exchange.
In the past week, Solana -- or SOL -- has jumped about 40%, making it the top performing large coin among those tracked by CoinMarketCap.com, and increasing its market value to about $11.6 billion. Serum, a token used on the new decentralized derivatives exchange supported by Alameda, has seen its market value jump to $494 million from $51 million this year. And the price chart for the FTT coin used on FTX looks like a hockey-stick as well, with its value jumping to $5 billion from $539 million since December.