Solana Wallet Hack Selling Pressure
The recent hack of Solana wallets is likely to lead to continued selling pressure and hinder recovery.
Too little corroboration in the last 3 days to call a trend (10 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Creech described the incident as a 'proof point for Solana's resiliency.' The network did withstand the disruption, but Marinade's data also showed the delinquent stake reached about 86% of the level at which finality would have stopped."
"Ethereum, XRP, BNB, Solana, Hyperliquid, Zcash and Cardano also declined between 2% and 6% as investors reduced exposure to risk assets during the sharp market selloff."
"Goldman Sachs fully removed its SOLANA related ETF exposure in early June, and the news added direct pressure to the solana price as the token dropped from $81 to $68 in one week."
"Corporate treasury activity has added short-term supply. SOL Strategies sold 65,001 SOL at an average price of C$87.88, using the proceeds to settle about C$5.75 million in debt."
"Goldman Sachs fully liquidated its spot Solana ETF position in Q1 2026, and the token has dropped 72% from its October 2025 all time high."
"SOL trades at $85, down from $200 in January 2025, and the cryptocurrency news cycle keeps piling selling pressure on the token."
"Research indicates that over $600 billion in crypto assets are in this precise vulnerable state, including 100% of Solana addresses, said Pospieszalski, describing this as 'common knowledge.'"
"Goldman Sachs exited its entire SOL ETF position in Q1, and the token sits 71% below its all time high of $293.31."
"The Solana price prediction stays constructive long term, but the Goldman exit shows that the biggest capital on Wall Street does not see a quick recovery."
"Analysts have identified the $94 to $98 zone as a heavy resistance area that has repeatedly capped recovery attempts throughout the month."