One year on: Top 3 gainers after the ‘FTX crash bottom’

Its been a year since the death of the FTX exchange– an occasion thats now increasingly appearing like it was the Bitcoin (BTC), which is up roughly 120% from a year ago.In November 2022, the FTX collapse cleaned nearly $300 billion off the market cap, impacting several cryptocurrencies. The ones that suffered the most were tokens with deep monetary ties to FTX, including Solana (SOL), Serum (SRM), and the exchanges own token, FTX Token (FTT). Crypto market capitalization everyday rate chart. Source: TradingViewBut a year later on, things have actually not just improved for BTC, however for most cryptocurrencies affected by the FTX collapse. If purchased in November 2022, here are the top-gainers (from the top-30 by market capitalization) that would have yielded the most significant earnings. Solana up 660% from FTX crash bottomSolanas rate dropped by over 50% to $8 after the FTX collapse. The selloff occurred mainly because FTX and its sister firm, Alameda Research, held about 55 million SOL, setting off worries of a dump to plug liquidity holes.Nonetheless, purchasing SOL a year back would have produced an earnings of over 660% today.Solanas gains have largely stemmed from a total benefit sentiment in the crypto market, led by hopes about a Spot Bitcoin ETF approval in the U.S. At the exact same time, SOLs cost has actually also gained from going away worries about a prospective dump by FTX. #FTXFTX has offered 6,986,554 $SOL in the past couple of weeks, for ~$ 280.2 M $USD.They are completely OUT of unlocked $SOL.The just $SOL they have exposure to is secured, many until 2027-2028, in the nick of time to sell the bottom of the next bearishness. #SOLANA can commence UP ONLY. pic.twitter.com/Qu2z843oxS— Curb ◎ (@CryptoCurb) November 14, 2023

FTX Token rival OKB is up 275%OKX crypto exchanges token OKB was among the least-affected tokens by the FTX mess. It has actually benefited greatly in terms of price after its top competitor went bust.Buying OKB at the FTX-led bottom of $17.20 a year back would have yielded investors a 275% earnings today.OKB/ USD weekly rate chart. Chainlink (LINK) had actually fallen by up to 40% following the FTX collapse.

The ones that suffered the most were tokens with deep financial ties to FTX, including Solana (SOL), Serum (SRM), and the exchanges own token, FTX Token (FTT). The selloff occurred mostly since FTX and its sis company, Alameda Research, held about 55 million SOL, activating worries of a dump to plug liquidity holes.Nonetheless, purchasing SOL a year back would have produced a revenue of over 660% today.Solanas gains have mainly stemmed from an overall benefit sentiment in the crypto market, led by hopes about a Spot Bitcoin ETF approval in the U.S. FTX Token rival OKB is up 275%OKX crypto exchanges token OKB was among the least-affected tokens by the FTX mess.

Other Questions People Ask

What are the top gainers one year on after the FTX crash bottom?

One year after the FTX crash bottom, the top gainers include Solana (SOL), OKB, and Chainlink (LINK). Solana has seen a remarkable increase of 660% from its low, primarily driven by improved market sentiment and the resolution of liquidity concerns. OKB has also performed well, rising 275% as it remained less affected by the FTX fallout. Chainlink, while initially dropping 40%, has rebounded significantly as the overall crypto market recovers.

How did Solana perform one year on after the FTX crash bottom?

Solana experienced a staggering 660% increase from its price following the FTX crash bottom. Initially, its value plummeted due to fears surrounding FTX's holdings of SOL, but as those concerns faded, investor confidence returned. The resurgence in Solana's price has been bolstered by positive market sentiment and anticipation surrounding potential Bitcoin ETF approvals. This turnaround highlights the resilience of Solana in a recovering crypto landscape.

What factors contributed to OKB's rise one year on after the FTX crash bottom?

OKB's rise of 275% one year on after the FTX crash bottom can be attributed to its relative stability during the FTX collapse. As a competitor to FTX, OKB benefited from the vacuum left by its downfall, attracting investors looking for alternatives. Additionally, the overall recovery in the cryptocurrency market has fueled demand for OKB, making it one of the standout performers in the aftermath of the crisis. This demonstrates how market dynamics can shift rapidly in response to significant events.

What lessons can investors learn from the top gainers one year on after the FTX crash bottom?

Investors can learn that market sentiment plays a crucial role in cryptocurrency performance, as seen with Solana and OKB's recoveries. The importance of diversifying investments and being aware of market ties is highlighted by the initial struggles of tokens closely linked to FTX. Additionally, timing and patience are essential; those who invested during the FTX crash bottom have seen substantial returns. This reinforces the idea that strategic investment decisions can lead to significant gains even in volatile markets.

How did Chainlink recover one year on after the FTX crash bottom?

Chainlink's recovery one year on after the FTX crash bottom is indicative of broader market trends, as it initially fell by 40% but has since rebounded. The recovery can be attributed to increasing demand for decentralized oracles and a general uplift in cryptocurrency prices. As investor confidence returns to the market, Chainlink has benefited from renewed interest and utility in its technology. This showcases how even tokens that faced significant downturns can bounce back with favorable market conditions.