It’s been a year since the demise of the FTX exchange, an event that now looks increasingly like Bitcoin (BTC), which is up roughly 120% from the previous year.

In November 2022, the FTX crash wiped nearly $300 billion from the market cap, impacting several cryptocurrencies. Those that suffered the most were tokens with deep financial ties to FTX, including Solana (SOL), Serum (SRM), and the exchange’s own token, FTX Token (FTT).

But a year later, things have not only improved for BTC, but also for most of the cryptocurrencies affected by the FTX collapse.

These are the top gainers (of the top 30 by market cap) that would have generated the biggest gains if purchased in November 2022.

Solana Up 660% From FTX Crash Bottom

Solana price plummeted more than 50% to $8 after the FTX collapse. The liquidation occurred mainly because FTX and its sister company, Alameda Research, had around 55 million SOL, raising fears of a dump to plug liquidity holes.

However, buying SOL a year ago would have produced a profit of more than 660% today.

Solana’s gains are largely due to a general bullish sentiment in the cryptocurrency market, led by hopes regarding the approval of a Spot Bitcoin ETF in the US. At the same time, SOL price has also benefited of the easing of fears about possible dumping by FTX.

#FTX

FTX has sold 6,986,554 $SOL in recent weeks, for ~$280.2 million $USD.

They are completely OUT of unlocked. $SOL.

The only $SOL They have locked-in exposure, most through 2027-2028, just in time to sell off the bottom of the next bear market.#solarium can start ONLY ABOVE. pic.twitter.com/Qu2z843oxS

– Curb◎ (@CryptoCurb) November 14, 2023

FTX Token Rival OKB Is Up 275%

Crypto exchange OKX’s OKB token was among the tokens least affected by the FTX fiasco. Furthermore, it has benefited greatly in terms of price after its main rival went bankrupt.

Buying OKB at the FTX-led low of $17.20 a year ago would have given investors a 275% gain today.

OKB’s price gains were Binance’s loss, and its BNB token (BNB) has significantly underperformed the market as the exchange faces legal pressure in the United States.

BNB has underperformed many of the top 30 cryptocurrencies over the past year, only 16% more than the FTX fund.

Link of the chain

Chainlink (LINK) had fallen up to 40% following the FTX collapse. But its lower exposure to the cryptocurrency exchange, along with development updates, has resulted in a strong price recovery since the event.

In particular, buying LINK in November 2022 at $5.68 would have produced over 180% gains today.

Factors that helped LINK price rise in recent months include the launch of a new proof-of-reserve product, growing adoption, and growing demand among professional investors, as suggested by Grayscale’s Chainlink trust listed with a 170% premium over LINK’s spot price.

This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.