Buying into this spot price has no issues. As for the contract, forget it.
Post
--
挖矿的小羊
·
--
79.8 USD for $SOL , do you dare to bottom out?
Just got hit by a hacker, 285 million USD gone, TVL evaporated by 1 billion instantly, the entire circle is shouting that Solana is going to be finished. But guess what? The on-chain transaction volume reached 1.59 billion USD in one day, soaring by 111%, a giant whale just staked 1.45 million SOL, worth 114 million USD—are these people not afraid of death, or do they see things that you can't?
First, look at the surface: battered and bruised, but not dead
Drift Protocol was hacked, 285 million USD went down the drain, 20 Solana protocols were affected, DeFi TVL directly evaporated by 1 billion. The Solana DeFi crisis surged to the hot search, and the community was in mourning. The price dropped from a high of 294 to now 79.8, a drop of over 72%, falling for 6 months, how many people have already cut losses at the floor?
But there are three strange things
The first thing: whales are frantically bottom fishing
Just when everyone was panicking and fleeing, a whale just staked 1.45 million SOL, worth over 114 million USD. This is not small retail FOMO, this is a big player holding over 100 million USD. Are they afraid? Of course, they are afraid. But they are more afraid of missing out.
The second thing: on-chain data is exploding
On April 1, the DEX trading volume on Solana reached 1.59 billion USD in one day, soaring by 111% in 24 hours. The entire Solana blockchain has processed about 108 billion transactions—this number is double that of all other blockchains combined. The hacker attack didn’t stop the chain; users are still charging, and transactions are still running.
The third thing: the fundamentals haven't collapsed, TVL is recovering
After the hacker attack, TVL plummeted briefly, but now it has returned to 5.4 billion USD. Protocols like Jupiter, Kamino, and Raydium are still operating normally. Alpenglow's upgrade is set to launch in Q2, and performance is set to improve further.
On one side is a hacker attack, a loss of 285 million, TVL evaporation, and community panic
On the other side are whale staking, DEX trading volume soaring by 111%, 108 billion transactions, and fundamental stabilization.
The key position is 79.67, the last line of defense for bulls and bears.
If you are a short-term player: consider a light long position near 80 USD, with a strict stop loss below 79.5, targeting 88-90. If the daily close falls below 79, you might consider a light short position, targeting 73.
If you are a long-term player: consider dollar-cost averaging in the 70-80 USD range. From 294 to 79, it’s already below 30% of the 2025 high. Alpenglow's upgrade, long-term ETF inflows, institutional entry—these logics haven't changed, only your fear has changed.
Just got hit by a hacker, 285 million USD gone, TVL evaporated by 1 billion instantly, the entire circle is shouting that Solana is going to be finished. But guess what? The on-chain transaction volume reached 1.59 billion USD in one day, soaring by 111%, a giant whale just staked 1.45 million SOL, worth 114 million USD—are these people not afraid of death, or do they see things that you can't?
First, look at the surface: battered and bruised, but not dead
Drift Protocol was hacked, 285 million USD went down the drain, 20 Solana protocols were affected, DeFi TVL directly evaporated by 1 billion. The Solana DeFi crisis surged to the hot search, and the community was in mourning. The price dropped from a high of 294 to now 79.8, a drop of over 72%, falling for 6 months, how many people have already cut losses at the floor?
But there are three strange things
The first thing: whales are frantically bottom fishing
Just when everyone was panicking and fleeing, a whale just staked 1.45 million SOL, worth over 114 million USD. This is not small retail FOMO, this is a big player holding over 100 million USD. Are they afraid? Of course, they are afraid. But they are more afraid of missing out.
The second thing: on-chain data is exploding
On April 1, the DEX trading volume on Solana reached 1.59 billion USD in one day, soaring by 111% in 24 hours. The entire Solana blockchain has processed about 108 billion transactions—this number is double that of all other blockchains combined. The hacker attack didn’t stop the chain; users are still charging, and transactions are still running.
The third thing: the fundamentals haven't collapsed, TVL is recovering
After the hacker attack, TVL plummeted briefly, but now it has returned to 5.4 billion USD. Protocols like Jupiter, Kamino, and Raydium are still operating normally. Alpenglow's upgrade is set to launch in Q2, and performance is set to improve further.
On one side is a hacker attack, a loss of 285 million, TVL evaporation, and community panic
On the other side are whale staking, DEX trading volume soaring by 111%, 108 billion transactions, and fundamental stabilization.
The key position is 79.67, the last line of defense for bulls and bears.
If you are a short-term player: consider a light long position near 80 USD, with a strict stop loss below 79.5, targeting 88-90. If the daily close falls below 79, you might consider a light short position, targeting 73.
If you are a long-term player: consider dollar-cost averaging in the 70-80 USD range. From 294 to 79, it’s already below 30% of the 2025 high. Alpenglow's upgrade, long-term ETF inflows, institutional entry—these logics haven't changed, only your fear has changed.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.