- Solana price seems to be taking a hit as another exploit targets users’ wallets
- SOL price looks likely to sweep the $42.43 level before taking a U-turn and potentially crashing 25%.
- A sudden spike in buying pressure that pushes SOL to flip the $47.43 level into a support floor will invalidate the bearish thesis.
Solana price seems to have declined sharply on the reports that a hacker is draining wallets of SOL and SPL tokens. While unconfirmed, this hack seems to have an estimated loss of tokens worth $5 million.
Solana exploit and what’s happening
Solana price took a hit after rumors of an exploit spread earlier today on August 3. According to unconfirmed reports on Twitter, users’ wallets are being targeted and drained of SOL and ETH.
If you're a dev, lend a hand to try to figure out if this ongoing Ethereum/Solana wallet drain exploit is a supply chain issue.
— Steven Luscher (@steveluscher) August 3, 2022