November 8, 2022: Binance announced its intention to acquire FTX but quickly backed out. November 11, 2022: FTX and Alameda filed for bankruptcy in the U.S., and SBF resigned. But the lowest price for SOL was $8 on December 29, while the average price on the bankruptcy day, November 11, was over $16. Even with 2x leverage, you'd be wiped out. The funny thing is, it stayed flat until mid-December, then continued dropping to around half its value. Around the same time, a lot of altcoins also halved again after mid-December.