SOL price dips as Solana exploit impacts over 7,000 wallets

Solana (SOL/USD) price dropped on Wednesday morning as an exploit on the Layer 1 network saw a staggering 7,767 wallets impacted. As the attack, which was first flagged on Tuesday, spilled into Wednesday, the price of Solana remained wedged in red amid a green spike across the market. SOL traded to lows of $38.

Timeline of Solana

Solana Spaces recently announced the opening of the “first” permanent physical retail, educational, and community space dedicated to Web3 at The Shops at Hudson Yards on Level 2, in Manhattan, New York. Solana Spaces was “founded in 2022 and is based in San Francisco.

The bulls are gaining dominance in the market with Solana generating gains of 5.14% or currently at 0.001863 SOL/BTC. The SOL price is pulled mostly by the bulls with a slight tug coming from the bears.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Solana's [SOL] down-channel oscillation finally transposed into a breakout rally, one that helped buyers retest the immediate supply zone over the last ten days.

Today's Solana price analysis reveals the cryptocurrency price is moving in a bullish manner as an upward trend has been following, and the price has undergone a notable improvement in the last 24 hours. The bullish upswing has resulted in an impressive enhancement in the price as its value has upgraded to $44.

On Thursday (July 28), Solana Spaces, which was established with the help of Solana Foundation, announced “the opening of the world's first permanent physical retail, educational, and community space dedicated to Web3” in New York City.

Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its reserves to a flashloan attack.

On July 28th, Solana-based decentralized finance protocol Nirvana Finance confirmed on twitter that it suffered a flash loan attack for USD 3.5 million which immediately led to the nosedive of its native token ANA and stablecoin NIRV. Another dollar pegged stablecoin destabilizes Crypto analytics firm Packshield, had first confirmed the exploit, the attacker used a The post Another Stablecoin Crash; This Time Its On Solana (SOL) appeared first on CoinGape.

Solana price analysis shows highly bullish signs today, as price notched up more than 15 percent following on from yesterday's uptrend. SOL reached as high as $44.23 on the daily chart after initially rising more than 12 percent yesterday.

Solana has opened its first physical store in New York's Hudson Yards. Visitors to the venue will be able to access educational content, blockchain activities, and Solana-based products, including NFTs.

Blockchain network Solana (SOL) has opened its first physical store Solana Spaces in New York City, where it will sell cryptocurrency-related products, according to a press release shared with CryptoSlate. The post Solana opens physical store in New York City appeared first on CryptoSlate.