2022Solana in 2022
2 key events this year.
2022 was Solana's hardest year. Several outages hurt confidence, and the collapse of FTX and Alameda Research in November, two of Solana's biggest backers, sent SOL down more than 50 percent in days.
Source: Binance SOL/USDT daily closes 2020-08-11 to 2021-06-16; Coinbase Exchange SOL/USD daily closes 2021-06-17 to 2026-10-14. Fetched Oct 14, 2026 from free public APIs. Click a dot for the event and its price on that day.
Events in 2022
- May 1, 2022outage
NFT bot outage $89.65 (Coinbase Exchange SOL/USD daily close, 2022-05-01)
NFT mint bots knock the network offline for about seven hours. - Nov 9, 2022crash
FTX collapse hits SOL $13.97 (Coinbase Exchange SOL/USD daily close, 2022-11-09)
SOL loses more than half its value as FTX and Alameda unravel.
NFT bot outage May 1, 2022
On April 30 into May 1, 2022, bots sent millions of transactions per second to win an NFT mint using the Candy Machine program. Validators ran out of memory, consensus stalled and the network was down for about seven hours.
FTX collapse hits SOL Nov 9, 2022
Sam Bankman Fried's FTX and Alameda Research were among Solana's biggest backers and holders of SOL. When a run on FTX began in early November 2022, traders feared Alameda's SOL would be dumped. The price fell more than 50 percent in a few days; the chart marks November 9, when the crisis peaked, and FTX filed for bankruptcy on November 11.
Updated
Sources
- Solana status history
- Wikipedia: Solana (blockchain platform)
- Wikipedia: Bankruptcy of FTX
- SEC complaint against Samuel Bankman-Fried
Facts written in our own words. Last checked Oct 14, 2026.