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#GateSquareAprilPostingChallenge Solana has survived big hits before (like the $326M Wormhole hack in 2022). However, this hack strikes at the heart of Solana’s "DEX Dominance" narrative. If users lose trust in the "Premier" apps like Drift, liquidity might start migrating back to Ethereum or L2s.
Watch that $75 level on SOL. If it breaks, expect a lot of people to panic and jump ship. But if the team fixes this mess quickly, it might actually be a solid 'buy the fear' spot for anyone still bullish on Solana.
Are you still bullish on Solana DeFi, or is this the final straw for your portfolio?#MarchNonfarmPayrollsIncoming #CryptoMarketSeesVolatility #OilPricesRise #SpaceXIPOTargets$2TValuation