The military service in Israel of the founder of SSV, which is also listed on Binance, sent the cryptocurrency down 7 percent.
The escalation of tension between Israel and Palestine and its impact on the world also affected the crypto market. These days, when countries are tense, cryptocurrencies and stock market shares are experiencing anxiety.
In the midst of all these processes, an interesting development occurred. The founder of SSV, which is listed on exchanges such as Binance, HTX and OKX, was enlisted in the military. Alon Muroch, the Israeli founder of SSV, announced that he was enlisted in the army in his X post during the day.
The news effect pulled SSV to the bottom!
An interesting event occurred in the crypto industry. Alon Muroch, founder of DeFi and staking platform SSV, shared a post on the X platform hours ago. Israeli Muroch stated that he was drafted into the military in his country and the situation did not look good.
I got drafted, situation on the ground is significantly worse than described.
Massacre is the only word that comes to mind. 90% civilians (families)We are turning the tables, it won’t be short nor pretty.
— Alon Muroch (@AmMuroch) October 11, 2023
Muroch’s post reached nearly 200 thousand views in a short time. The situation experienced by a crypto project founder caused surprise in the industry. Minutes after Muroch’s post, there was a decrease in SSV.
SSV achieved a decrease of nearly 7 percent in a short time. Investors of the cryptocurrency began selling as the founder was drafted into the military and the status of the project fell into uncertainty.
It is a matter of curiosity what SSV, which is also listed on Binance, will encounter in the coming days.
SSV provides an active platform for Ethereum developers. Additionally, SSV focuses on building distributed validators for Ethereum. The project has been in the top rankings since 2021. According to CoinMarketCap data, SSV’s current market value is at $141 million.
