Solana
Why Solana is down 1.1% in the last hour
Analysis
Solana (SOL) slipped 1.1% over the past hour as traders reacted to security concerns after CoinDesk reported that Solana wallet data was among targets in a “TrapDoor” package attack, weighing on near-term sentiment. At the same time, Cointelegraph noted a broader altcoin slump alongside a sharp drop in Solana derivatives positioning (open interest down 30%), reinforcing short-term downside pressure.
Contributing Factors (2)
Solana, Sui and Aptos wallet data targeted in TrapDoor package attack
The campaign targets crypto, DeFi, AI and security developers with fake tooling packages to steal wallets, SSH keys, GitHub tokens, cloud credentials and browser data.
Solana open interest drops 30% as altcoins slump: Is $68 SOL next?
Bulls abandon ship as SOL futures open interest dropped 30% in May. With the price weakening near $80, Solana may be destined for new lows.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.