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Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. According to data from Nansen, floor prices — the lowest price at which a single NFT for a given collection can be purchased — for major projects such as CryptoPunks and Pudgy Penguins are down on a 7-day basis, falling 4% and 5% respectively. If there's one cryptocurrency that's most closely associated with the collapse of FTX, it's Solana. The founder and former CEO of FTX, Sam Bankman-Fried, was an early VC backer and was known for using social media to promote Solana. Moreover, affiliates linked to Bankman-Fried and FTX including hedge fund Alameda Research had substantial positions in Solana and other crypto tokens in the Solana ecosystem often referred to as "Sam coins".