The Solana price showcased a fresh bearish reversal from the resistance trendline of a long-coming channel pattern.
On April 1, 2026, a sophisticated cyberattack targeted Drift Protocol, a decentralized perpetuals trading platform built on the Solana blockchain.
The 20-and-50-day exponential moving average acts as stable dynamic resistance against SOL.
SOL, the seventh largest cryptocurrency by market capitalization, slips over 3% on Thursday to trade at $78.24. The initial downtick followed broader market pullback amid escalating geopolitical conflict between the U.S. and Iran. However, the Solana price witnessed a surge in selling pressure as its decentralised exchange, Drift protocol, faced a severe security breach, which resulted in a loss of approximately $286 million in assets.
Solana TVL Falls 18% After $286M Drift Protocol Hack
On April 1, 2026, the hackers associated with North Korea stole $286 million of the Drift Protocol, a decentralized trading application
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