North Korean hackers have targeted multiple crypto entities following the Drift Protocol hack, and Solana price predictions for April 16 sit at 0.1% YES, down from 2% a week ago.
Market reaction
The Solana price prediction for April 16 market is flat at 0.1% YES. The contract has $121K in face value, but only $164 in actual USDC changed hands over the past 24 hours. It takes just $277 to move the market by 5 percentage points, making it extremely thin.
The Solana price on April 15 market holds at 100% YES for sub-$40 prices. Volume there is also negligible, suggesting traders broadly agree Solana has little near-term upside.
Why it matters
The string of attacks represents a systemic risk to the Solana ecosystem. The Drift Protocol hack and the subsequent wave of breaches point to a sophisticated, sustained threat, and traders are pricing in continued weakness. At 0.1% YES, a YES share on Solana exceeding $100 by April 16 is a 1000x longshot, essentially a lottery ticket on a sharp recovery.
What to watch
Watch for announcements from the Solana Foundation and key figures like Anatoly Yakovenko. A successful mainnet upgrade or a major partnership could shift sentiment. Without a concrete catalyst, the market is likely to stay where it is.
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Source: https://cryptobriefing.com/north-korean-hackers-target-crypto-entities-after-drift-protocol-breach/
