Solana Price Forecast: North Korea’s $285 Hack Spanned Six Months – Will Sol Endure?

Solana’s price is currently at $82 following a 3.5% increase today; however, the recent hack of Drift Protocol and its status as the only cryptocurrency in the top 10 showing losses contribute to a somewhat bearish outlook. The full extent of the incident is revealing more troubling aspects.

A $285 million theft from Drift Protocol, carried out in approximately 12 minutes on April 1, has been linked to North Korean state-affiliated hackers who spent six months infiltrating the protocol’s trust framework.

This is astonishing
The Lazarus Group has taken $7 billion from crypto since 2017
That exceeds the annual GDP of nearly 36 nations
The largest hack was Bybit ($1.5 billion) in 2025
Currently, the Drift team stated with medium-high confidence
They were compromised by the same North… https://t.co/GeMFjXoowQ pic.twitter.com/VD0pGaSGRe

— jussy (@jussy_world) April 5, 2026

Drift confirmed that the attack resulted in the loss of over half of its $550 million total value locked (TVL) due to a durable nonce exploit, a fraudulent oracle asset known as CarbonVote Token, and compromised multisig approvals.

Now, can SOL’s price structure maintain critical support before the next decline?

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Solana Price Prediction: Will it Hold $80 Support or Drop to $70 Next?

SOL is positioned at $82, having breached the significant short-term support level. The 50-day moving average is limiting upward movement at $88, resulting in a compressed range that typically resolves decisively in one direction. Trading volume during the sell-off from April 1-4 surged on the downside, indicating distribution.

The most favorable scenario for SOL at this moment is to maintain the $80 support, regain the $88 resistance with a recovery in DeFi sentiment, and aim for the $95–$100 range. The upcoming Alpenglow consensus upgrade, which promises sub-second finality, could serve as a narrative catalyst if developer engagement remains strong.

SOL might also consolidate between $78 and $88 for several weeks as the market processes the security concerns. Institutional projections of $150–$260 by late 2026 are still in place but seem far from current levels.

Nonetheless, the scale and sophistication of the DPRK operation continue to undermine confidence in Solana DeFi. A failure at $78 would create a direct path to $70, a level not tested since the last significant sentiment decline.

SOL USD, Tradingview

The unsettling reality is that most of the drained assets were transferred to Ethereum immediately following the exploit, indicating that the selling pressure on SOL itself was largely sentiment-driven rather than due to forced liquidation. This presents a dual-edged data point: the structural damage is reputational and takes longer to mend.

What could potentially invalidate the bearish outlook? A confirmed timeline for resolution from Drift, advancements on the Alpenglow upgrade, or a broader recovery in the crypto market above Bitcoin’s key resistance. Until one of these occurs, the 50-day moving average at $88 serves as a ceiling.

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Maxi Doge Aims for Early Mover Advantage as Solana Tests Critical Levels

SOL’s current situation, constrained below a moving average, facing reputational harm, and trading within a narrow support range, is the type of environment where rotation into early-stage assets has historically increased.

The risk-reward ratio at $78 is not attractive for new investments. Early-stage presales provide asymmetric exposure that established large-cap tokens cannot replicate at this point in the cycle. The broader market is testing crucial levels across the board, limiting upside potential for mature assets.

Maxi Doge ($MAXI) is a meme token built on Ethereum aimed at the 1000x leverage trading community, merging gym-bro culture with on-chain speculation, presented as a comprehensive ecosystem. The presale has raised $4.7 Million at a current price of $0.0002812, with a 60% staking APY bonus available for holders.

The project organizes holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and a viral meme-first marketing strategy.

For traders observing SOL lose support and seeking uncorrelated early-stage exposure, consider researching Maxi Doge before the next presale tier concludes.

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