SOLTRACER
SOLNews
Daily Solana market news, on-chain data and analysis from the SOLTRACER desk.
Weekly Wrap: The Binance Hack Breaks SOL’s $100 Floor as Institutions Keep Building
SOL held $100 for five days through ETF outflows and a hawkish Fed, then the $6.3B Binance hack pushed it to about $96.58. Google, Mirae Asset and BitGo kept building.
Binance Hack Flips Crypto to Fear, and SOL Trades With the Pack
Binance now estimates a $6.3B hit. Fear & Greed fell to 30, $1.5B in longs were flushed and SOL dipped under $100, but it’s moving in line with Bitcoin, funding has flipped negative and Solana itself wasn’t touched.
Binance Hot Wallets Drained of $6.3B: What It Means for SOL
DEVELOPING: About $3.3B left Binance hot wallets for a mixer-funded address Thursday. Binance paused withdrawals, Tether and Circle froze about $2.4B, and SOL slid with the market. Solana itself wasn’t hit.