Citing Insidebitcoins, Solana (SOL) price has increased 3% in the last 24 hours to $143.19, despite a $38 million hack on South Korea’s Upbit exchange. Hackers stole tokens from a hot wallet linked to the Solana blockchain, including TRUMP, BONK, JUP, and 2Z. Upbit halted deposits and withdrawals, moved remaining funds to cold storage, and pledged to reimburse users. Despite the incident, Solana’s price only dipped briefly before recovering, indicating traders view the breach as an exchange issue rather than a blockchain flaw. Network activity remains strong, driven by memecoins, DeFi, and NFTs. Upbit’s suspension of affected tokens may slow Korean on-chain flows, but global liquidity remains intact.
Solana Price Rises 3% Despite $38M Hack on Upbit
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