After a $285 million hack on Drift Protocol linked to North Korean hackers in April 2026, Solana's DeFi total value locked (TVL) has recovered to over $6.5 billion, a 38% rise in two months. This recovery was driven by a $127.5 million recovery fund from Tether, additional partner contributions, and a rebrand of Drift to Velocity DEX with improved security. The SOL token price surged 63%, boosting TVL in dollar terms despite a possible slight decline in token amounts locked. The incident highlights risks in admin-controlled DeFi protocols and introduces recovery tokens as a new compensation model balancing user claims and financial sustainability.
Solana's market cap stands at Rp1.260,13 trillion as of September 30, 2026, 18:04 WIB, with a 1-day price change of -0.63%. The token's circulating supply is 588 million SOL, and trading volume on Pluang reached Rp61.91 trillion in the last 24 hours. Despite the recent hack and recovery efforts in its DeFi ecosystem, Solana maintains strong trading interest, with 71% of Pluang orders being buys and a typical hold time of 70 days.
Institutional interest in cryptocurrencies is growing, driven by ETFs and genuine utility tokens. Bitcoin remains the foundational crypto with strong institutional demand and a capped supply, making it a core portfolio asset. Ethereum supports decent...
Solana's price remains steady around $120, supported by 11 consecutive weeks of positive inflows into US-based spot Solana ETFs, totaling about $450 million in holdings. Last week alone, these ETFs attracted $188.21 million, the highest weekly inflow...
Solana (SOL) surged past the $120 mark, reaching $120.01 late Tuesday with a 2.63% increase over the previous 24 hours. This price movement highlights renewed investor interest and momentum in the token. Market watchers are closely monitoring SOL as ...
U.S. spot Solana (SOL) ETFs recorded $5.4 million in net inflows on September 29, continuing a seven-day streak of positive fund flows. Although the daily inflow decreased from $7.7 million the previous day, the funds attracted a total of $146.3 mill...
Solana's price fell below $120 after failing to break the $125 resistance level, now testing support around $117. The drop follows a rally from mid-September's $97 level, with increased selling pressure indicated by negative Chaikin Money Flow on the...
