FTX’S COLLAPSE IN November 2022 marked the end of the great shitcoin boom of 2020 to 2022. All cryptocurrency prices crashed. Bitcoin dropped as low as $16,000, and Solana, one of Bankman-Fried’s favorites, collapsed 95 percent from its highs. The total value of all cryptocurrencies, which had topped $3 trillion two years earlier, fell below $1 trillion.
