Crypto’s Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%

Solana’s native token, SOL, dropped 58% for the month as the Alameda balance sheet also revealed holdings of $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral.” The fear among traders was that Alameda (and other market players) might suddenly move to dump the tokens, further exacerbating the selling pressure.