When exactly did FTX collapse?

Binance's Nov 6, 2022 announcement to sell FTT was the trigger, and FTX filed for bankruptcy on November 11, 2022. This page uses November 2, 2022 — just before the collapse — as its reference date.

How did the FTX collapse affect Solana?

FTX founder Sam Bankman-Fried and Alameda Research held large amounts of SOL. After FTX failed, Solana fell about 62%, from $30.83 (Nov 2) to $11.82 (Nov 21, 2022) on Coinbase.

Where do these numbers come from?

All are Coinbase daily closes in US dollars — past facts that already happened, not predictions or investment advice.

Money

Just before the FTX collapse (Nov 2022) — what if you had bought then?

On November 2, 2022, Bitcoin closed at $20,151 on Coinbase — already down sharply from its 2021 highs. Ether was at $1,518 and Solana at $30.83, in the quiet of a bear market.

Days later the ground gave way. On November 6, CoinDesk reported on Alameda Research’s balance sheet and Binance’s CEO announced plans to sell its FTX token (FTT). FTX halted withdrawals and filed for bankruptcy on November 11, 2022. Solana — heavily held by FTX founder Sam Bankman-Fried and Alameda — fell with it, from $30.83 on Nov 2 to $11.82 by Nov 21 (about −62%). Bitcoin drifted to a cycle low near $16,530 by December 31.

This date sits near the bottom of that cycle, just before the eventual turn. The table below shows the Nov 2 close alongside a later 2025 level. These are past facts, not a forecast or investment advice.

Key facts

November 2, 2022 Coinbase closes — Bitcoin $20,151, Ether $1,518, Solana $30.83
FTX filed for bankruptcy on November 11, 2022
Solana fell about 62% to $11.82 by Nov 21, 2022 after the collapse
Bitcoin reached a cycle low near $16,530 on December 31, 2022
By 2025, Bitcoin closed at $123,343 (Oct 8) and Solana at $261.99 (Jan 18) — all Coinbase USD daily closes

The day's price, coin by coin

Bitcoin BTC

2022-11-02: $20,151 → 2025-10-08: $123,343

Calculate

Ethereum ETH

2022-11-02: $1,518 → 2025-10-06: $4,686

Calculate

Solana SOL

2022-11-02: $31 → 2025-01-18: $262

Calculate

Coinbase daily close (USD). Not investment advice.

Frequently asked questions

When exactly did FTX collapse?: Binance's Nov 6, 2022 announcement to sell FTT was the trigger, and FTX filed for bankruptcy on November 11, 2022. This page uses November 2, 2022 — just before the collapse — as its reference date.
How did the FTX collapse affect Solana?: FTX founder Sam Bankman-Fried and Alameda Research held large amounts of SOL. After FTX failed, Solana fell about 62%, from $30.83 (Nov 2) to $11.82 (Nov 21, 2022) on Coinbase.
Where do these numbers come from?: All are Coinbase daily closes in US dollars — past facts that already happened, not predictions or investment advice.

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