Bybit Hacker Money Foods on Solana Memecoins stole a few days before opening $ 2 billion

The Solana price fell 4 % on Sunday, February 22, and a trading of up to $ 167 as multiple ripples from the BYBIT and the imminent Sol flows from FTX Estate Supply.

Solana is under pressure as hacker repressions stole by the pump. Memecoins

Solana (SOL) witnessed another wave of sharp losses on Sunday despite the early recovery from the back winds inside the encryption market. It is worth noting that the most important altcoins such as Ethereum and Tron (TRX) have wiped large parts of the losses that were booked in the aftermath of BYBIT on Friday, while Solana Price fell further.

The graph below shows how the Solana price decreased by 4 % during the daily time frame, as it was circulated at $ 167 less than $ 170 that were recorded during the initial accident on Friday.

The latest Sol Slump Slump has been linked to reports that infiltrators associated with $ 1.4 billion of BYBIT penetration are using the Solaco ‘Memberchpad.

Quoted from the official data of Solana Blockchain Explorer Solscan A series of transactions Concerned with stolen money.

According to Solana Blockchain Explorer Solscan, Wublockchain has set the Blockchain analysis platform suspicious transactions associated with stolen assets:

“Bybit Expliter is laundering money by issuing memecoins on PEMP.fun. BYBIT (5stkqy … 95T7CQ) transfer More than 26 million dollars.

This step can eliminate the possibility of an actually decline, a result of the 8 % ETHEREUM price because it regained $ 2800 at the time of this report.

However, it sparked negative feelings of the Solana Network, as the main opinion leaders began to love Blockchain for a second major link for high -level exploitation, a week after the outbreak of the controversy over the participation of Argentina President Javier Miley with the wild balance is polished.

“Solana is used to launder the stolen money from bybit. No need to review, it was always a laundry chain.”

– Cardanohumpback, February 22, 2025

2 billion dollars, the Solana hole can be opened in the short term of Solana

With the trading of Sol now without its previous local bottom, fears are escalating on more negative risks. In addition to the Haboodi expectations is the continuous payment process for the victims of the collapsed FTX exchange.

According to Bitget, more than $ 800 million of funds were distributed to 160,000 customer accounts starting from February 18. Bitcoin Peddyxbt researcher has indicated that an additional 11.2 million sword (about $ 2.03 billion) is scheduled to be distributed on March 1, less than a week.

While he indicated that Over-CurNER (OTC) sales can reduce immediate sale pressure, the 4 % decrease in Sol PRICE indicates that the majority of merchants are cautious.

In short, the Solana’s Pump.fun pump that is used to wash the BYBIT Boxes – days before opening the 2 billion dollars FTX assets – strategic investors can reduce their behavior. If the pressure pressure is intensified, there may be other declines on the horizon in the upcoming trading sessions.

Solana price forecasts: 150 dollars most likely if the downward risks crystallize

Solana Price Preports suggests an additional negative aspect as declining signals, as Sol is traded at $ 168.08 after a weekly decrease of 4 %. The Daily Chart explains the price restrictions restricted below the Bolleinger Bands at $ 185.89, reflecting the continuous sale pressure. Seoul is still installed under the moving average for 50 days at $ 185, which enhances the hybrid view as long as it is struggling to restore this level. The trading volume is proposed at 1.44 kb market sharing, which limits the upscale capabilities.

The bull power index (BBP) at -21.90 indicates a strong grip with the bears, which extends a long line on the passive momentum. If this pressure continues, the Sol may be broken from the Bollinger Lower range at $ 160.58, which paves the way to re -test psychological support at $ 150. The sure collapse below this threshold may lead to a decrease towards the following demand area near $ 135.

On the contrary, the decisive bounce of the current levels, supported by increased purchase volume, can see Sol recovery of $ 170. The post -resistance step of $ 185 will nullify immediately dominant expectations and open the door to a potential recovery of about $ 211. However, without turning in the dynamics of trading volume, the dominant risks remain dominant.

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