MATIC and BNB Still Stand Strong Even After FTX Drama

• Both MATIC’s and BNB’s prices have increased since October.
• SOL’s price has fallen by 60% and NEAR’s price went down by 55%.
• Things seem to be slowing down a bit for BNB at the moment.

Wu Blockchain, took to Twitter on November 30 to share some data on Polygon’s (MATIC) and Binance Coin’s (BNB) performance during the FTX meltdown.

According to its post, the Delphi chart indicates that despite the influence the FTX crash had on the crypto market, both MATIC’s and BNB’s prices have increased since October. On the other hand, other altcoins like Solana (SOL) did not get off so well. The Wu Blockchain data indicates that the SOL price has fallen by 60% and NEAR’s price went down by 55%.

The price drops for these cryptos are mostly due to the fact that FTX and Alameda were core investors in Solana; and FTX and 3AC were investors in NEAR.

CoinMarketCap indicates that MATIC is currently trading hands after a 3.67% increase in price over the last 24 hours. The altcoin is also still in the green by 0.68% over the last week. Also in the green is MATIC’s 24-hour trading volume which is standing at $265,374,599 after a 1.66% increase.

Things seem to be slowing down a bit for BNB at the moment as the crypto is currently in the red by 0.48% to now trade at $300.80. BNB is still, however, up by more than 9% over the last week.

BNB also weakened against the two biggest cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH), by about 3.15% and 5.72% respectively over the last day.

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