Key notes
- Despite no reported feat, the Solana Foundation was faced with community criticisms for its private communication with the validators during the fixes.
- After a resumption of 20% in April, Sol Price consolidates nearly $ 150 and targeting a rally at $ 200 and beyond.
- Solana has reached important milestones, with an exchange of memes parts stimulating the revenues of the blockchain.
The developers and validators of the Solana Foundation corrected a critical bug which allowed the attackers of potentially front certain tokens on the blockchain and even to remove them from user accounts. Despite the consolidation of less than $ 150 during last week, Sol
GROUND
$ 150.7
24h volatility:
2.6%
COURTIC CAPESSION:
$ 78.04 B
Flight. 24 hours:
$ 3.80 B
The price has shown a force with 20% of earnings on the monthly graph, as analysts predict higher or more $ 200 objectives.
Foundation Solana Facing Critical Vulnerability
During the last weekend on May 3, the Solana Foundation reported a critical vulnerability discovered on April 16 which could have allowed attackers to forge invalid evidence of zero knowledge and to steal confidential tokens of tokens-22, assets focused on the confidentiality of Solana.
This defect is emerged from the missing algebraic components of the ZK Elgamal proof system, which manages the verification of the private balance. Although no feat was reported, the Solana Foundation was quick to deploy fixes, most of the validators update their software just within two days.
The problem has affected two key programs, Token-2022 and ZK Elgamal Proof, used for logic and chip confidentiality features. Despite the remaining security funds, the Solana Foundation was faced with a community reaction for its private communication with the validators, which raises concerns for centralization and the possibility of a collusion of the validator.
Sol Price Eyes Gains Hault after having reached key milestones
With a healthy recovery of 20% in last month, compared to the bottom of $ 120, Sol Price now seeks to exceed the crucial resistance of $ 150, to stage a rally at $ 200 and beyond.
The eminent crypto analyst Cryptobullet also shared a upward perspective for Solana, stressing the importance of holding above the crucial horizontal support levels as indicated below.
$ Soil had a large monthly fence. He held the key horizontal level
As I said, we will spend several months above this level before the inevitable rupture
Target / rejection area: 190 to $ 230 🔨 pic.twitter.com/gpjcoplhog
– Cryptobullet (@ cryptobullet1) May 4, 2025
The analyst identified the range from 190 to $ 230 as a potential target and a rejection area for cryptocurrency in the coming months.
In addition, the Solana blockchain has taken key steps during the first quarter of 2025, exceeding the best peers like Ethereum and Cardano in terms of generation of income.
The trading activity of coins on the platform accelerated. According to Data from Token Terminal, Pump.fun generated an impressive 294 million dollars in fees of year on the date of the start of the year, exceeding $ 249 million in Ethereum.
According to Token Terminal, Pumpfun has captured $ 294 million in fees so far this year, exceeding Ethereum ($ 249 million). In addition, the level of weekly capture of Pumpfun fees exceeded Ethereum for 9 consecutive weeks. pic.twitter.com/7gcotdf3io
– Wu Blockchain (@wublockchain) May 5, 2025
In addition, Pump.fun has maintained a higher weekly weekly capture than Ethereum for nine consecutive weeks, signaling its growing domination on the market.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
