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Solana holds $78 amid $14M wallet hack and new competition from Robinhood's Ethereum layer-2.

Market News
11 Jul 2026
Tokenpost
View Source
Bearish
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Solana's price steadied near $78 despite a $14 million wallet hack affecting an early investor and rising competition from Robinhood's new Ethereum-based layer-2 network. The hack raised security concerns but was attributed to user-side issues rather than Solana's protocol. Meanwhile, Robinhood's launch of 'Robinhood Chain' has led some projects to migrate from Solana, challenging its developer base and liquidity. Solana remains strong in sectors valuing speed and low fees, but must break $85 resistance to confirm a bullish trend amid these challenges.

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