{"id":497769,"date":"2022-08-05T11:31:14","date_gmt":"2022-08-05T11:31:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=497769"},"modified":"2022-08-05T11:31:14","modified_gmt":"2022-08-05T11:31:14","slug":"sol-loses-40-after-the-exploit-whats-the-next-support","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/sol-loses-40-after-the-exploit-whats-the-next-support\/","title":{"rendered":"SOL Loses $40 After The Exploit \u2013 What\u2019s The Next Support?"},"content":{"rendered":"
Solana\u2019s price is unstable following an exploit by hackers draining funds with the use of external applications. Around 8,000 wallets were hacked from Phantom and Solana, with roughly $8 million stolen from users. The coin’s price immediately nosedived to $40 with support at $35.<\/span><\/p>\n
A Solana NFT marketplace, Magic Eden, advised wallet users of Phantom and Solana to revoke their permissions found on the wallet application\u2019s setting.<\/span><\/p>\n
Fortunately, only some wallets were drained of funds, and the network wasn\u2019t jeopardized in its entirety. Yesterday, the trading volume is in pitch red when the news of the exploit broke out. In an instant, many users were in panic and trying to move or sell their coins<\/span><\/p>\n
According to CoinMarketCap, the crypto’s price has spiked by 3.07% or at $40.12 as of this writing.<\/span><\/p>\n