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2# Raydium’s native token RAY crashes. RAY's price is around $0.156 at the time of writing this line. After the collapse of FTX, Solona was hit hard since it is highly tied to Sam Bankman-Fried who was arrested recently for his fraud and crime. We are in a bear market and it looks like the crypto market will get hit one by one. Seeing what happens to centralized exchanges, people start using decentralized exchanges more. Exploiting vulnerability and hacking DeFi like this will not send a good signal. People trusted FTX and lost their crypto.

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