The official X account of the Solana-based token minting protocol Pump.fun was breached by hackers but has since been recovered.
The co-founder of the decentralized app (dApp), Alon (@a1lon9) on X, informed the public about the incident and advised users not to interact with the hackers.
During the breach, the attackers used the compromised account to promote several meme coins, including two named HACKED and PUMP, falsely claiming that the latter was the platform’s official token.
Despite warnings from both users and the protocol’s founders, these tokens saw their market caps skyrocket before the situation was contained.
Solana Finds Support at $133 – Can It Bounce Back?
Solana is attempting a slight recovery following the steep losses suffered over the past few days, as the broader crypto market faced a sell-off triggered by the Bybit hack.
Over the past 24 hours, SOL has gained a modest 1%, currently trading at $141.1.
Despite this uptick, Solana remains down 19.2% over the past week, mirroring declines in other smart contract platform tokens like Ethereum (ETH) and Cardano (ADA), which have dropped 13.9% and 14.8%, respectively.
While Solana’s strong performance in 2024 was fueled by surging demand for platforms with easy-to-access meme coins, 2025 has been less favorable.
Economic uncertainty—driven by Donald Trump’s aggressive trade policies targeting Canada and Mexico, as well as the Federal Reserve’s cautious stance on interest rate cuts—has weighed on valuations.
From a technical standpoint, SOL’s downtrend, which began in January, has found temporary support at the $133 level.
While momentum indicators remain in bearish territory, early signals suggest the sell-off could be nearing exhaustion.
In the daily chart, the Relative Strength Index (RSI) continues to form lower lows and has yet to cross above the signal line. However, with the oscillator now in oversold territory, the likelihood of a trend reversal increases as selling pressure begins to ease.
Additionally, the MACD histogram indicates that negative momentum is slowing compared to previous declines, suggesting a potential shift in market sentiment.
The key support level to monitor is $133. If bulls successfully defend this threshold and the price continues rising in the coming days, an RSI bullish crossover could confirm a positive outlook for SOL, potentially driving it toward the $155 mark.
Projects like Pump.fun play a vital role in Solana’s ecosystem but have also highlighted the need for a layer-two scaling solution to handle higher transaction volumes efficiently.
Solaxy ($SOLX) aims to bridge this gap, having already secured nearly $24 million in funding to develop its scaling protocol.
Solaxy ($SOLX) Enters Last Days of Its Presale – Don’t Miss Out
Solaxy ($SOLX) launched its presale event in December and has already raised $23.7 million from investors who understand its potential to become a critical piece within the Solana ecosystem.
The development team has shared promising updates regarding early testing of the Solaxy rollup, signaling steady progress as the presale event nears its conclusion.
There’s still an opportunity to acquire $SOLX at its discounted price of $0.001648 before it lists on exchanges, where it could see a significant price surge.
Beyond potential gains, Solaxy also offers highly attractive staking rewards for those staking the coins, with an APY currently standing at 171%.
To buy $SOLX, visit the official Solaxy website and connect your wallet (e.g. Best Wallet).
Either swap USDT, ETH, or BNB, or use a bank card to make your investment.
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