Solana is currently under a massive DDoS attack pushing nearly 6 terabytes per second, yet the blockchain continues to operate without confirmed downtime. Despite the scale of the assault—now considered among the largest attacks on a major crypto network—validators have held the line and transactions remain live.
The market, however, isn’t celebrating.
SOL has closed three straight red daily candles, trading around the critical $126 support zone, down nearly 1% on the day as bearish pressure builds.
Network Strong, Traders Nervous
Reports indicate the attack is flooding Solana’s infrastructure with billions of packets per second, attempting to overwhelm the system. Unlike previous cycles where congestion caused disruptions, the network has absorbed the impact so far—highlighting how much Solana’s infrastructure has matured.
Derivatives data paints a more cautious picture. Futures open interest dropped roughly 3.6% in the past 24 hours to $7.04 billion, while funding rates flipped negative near -0.0078%, showing bears are willing to pay to stay short.
Technicals aren’t helping either. The daily RSI sits near 37, edging toward oversold territory, while the MACD is nearing a bearish crossover, with red momentum building below zero.
A Real Stress Test for Solana
This attack comes at a time when Solana has been quietly proving itself. In 2025, the network has processed up to 93.5 million transactions per day, handling spikes of nearly 500,000 TPS. Even more impressive—over 18 months without a major outage.
On the ecosystem side, Solana’s DeFi TVL surpassed $11.5 billion, driven by platforms like Jupiter and Kamino, reinforcing its position against rivals such as BNB Chain, Avalanche, and Near.
What Comes Next?
The $126 level has repeatedly acted as a demand zone. A confirmed daily close below it could open the door to $107, followed by the psychological $100 mark. If selling accelerates, deeper downside toward $80 cannot be ruled out.
With negative funding, leveraged longs at risk, and rising short pressure, volatility may increase. Still, strong network performance, ETF interest, and DeFi growth could attract buyers if price revisits lower levels.
The disconnect between rock-solid infrastructure and weak price action is a reminder of one thing in crypto:
Markets move on positioning and liquidity—not just fundamentals.
