We’re on the heels of cross-chain bridge Nomad suffering a demolishing hack earlier in the week, and now hackers are doubling down with an attack on Solana hot wallets mid-way through the week. On Tuesday afternoon, reports emerged of some sort of vulnerability that was taking advantage of Solana-based wallets. Approaching 24 hours later, there…
Mango Markets was victim to the latest exploit this week, as crypto cannot seem to escape an absolutely abhorrent Tuesday. Two exploits less than one day apart – and less than a week after the BNB Chain exploit that utilized a bridge to create millions of new BNB. Another nine-figure exploit has rocked the crypto…
Solana price has been trading laterally as the altcoin has not been able to move past the $40 price mark. The altcoin has experienced a blow recently as thousands of wallets were drained of their assets owing to an exploit. The latest exploit had allowed hackers to drain the funds using private keys. After the…
The Solana price experienced notable gains in mid-June, but a recent correction phase has pulled it down to $22, which has found strong support. The technical outlook currently leans towards the bears, suggesting a potential slight dip before a possible turnaround. The altcoin attempted to rise from the support level in the past week, but…
It’s not easy being a dev. In recent days, a young Solana-based DEX, OptiFi, faced an unexpected downfall after a simple coding error. The platform released an announcement that their mainnet program is now unrecoverable yesterday. The move has resulted in an unexpected shutdown for the DEX. Let’s review what we know from the announcement…
The Solana price has turned bullish on the daily chart. Over the last 24 hours, the altcoin has risen by 1%. SOL has logged close to a 6% gain in the last week. Although the coin depicts positive price action on the daily time frame, the bulls might fade on the weekly time frame if…
Solana price has displayed a completely bearish price thesis on the one-day chart. In that same timeframe, the coin declined by close to 9%. The depreciation in value might continue as the technical outlook points in the same direction. With the recent Solana Protocol Raydium hack of over $2 million, the price of the coin…
Solana surged toward $80 before the bears appeared. SOL price is now correcting gains but the bulls might remain active near the $65 support. SOL price started a major rally above the $65 resistance before the bears appeared against the US Dollar. The price is now trading above $65 and the 100 simple moving average…
Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines, a new technical analysis suggests that the altcoin could be gearing up for a major move that could see its price skyrocket to around $268. Ascending Triangle Reveals Solana Next Targets For…