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In the latest Solana news, SOL price is under pressure as the network weathers an ongoing Distributed Denial of Service (DDoS) attack reportedly peaking around 6 Tbps, while traders debate whether the token’s slide could accelerate.
At press time on Tuesday, SOL was trading near the key $126 support area after three consecutive red days, with a roughly 1% daily loss and derivatives metrics indicating growing bearishness. The episode hits as broader crypto cools from highs, liquidity thins, and risk assets digest recent macro shifts and ETF-driven flows.
Latest Solana News: What Is Actually Happening With Solana’s Network and SOL Price?
A DDoS attack attempts to overwhelm a network with excessive traffic, slowing or knocking services offline. However, Solana’s validators have so far kept the chain running, despite traffic measured in terabytes per second. According to FXStreet’s reporting, the attack has reached about 6 Tbps and “billions of packets per second,” yet there have been no confirmed outages, a notable contrast with Solana’s congestion issues in previous cycles.
Still, price and positioning tell a different story from the network’s technical resilience. CoinGlass derivatives data cited in the report shows Solana futures open interest dropping around 3.6% in 24 hours to roughly $7.04Bn, while funding rates have flipped negative (around -0.0078%), meaning short sellers are paying to stay in the trade.
On the chart, SOL is clinging to the $126 zone, a level that has caught several pullbacks in November and aligns with a local support band from late June. FXStreet’s technical view warns that a clean daily close below this area could open a path toward $107, then the psychological $100 level, and even the S2 pivot support closer to $80 if selling accelerates.
How Could a Successful Defense Against the DDoS Shape Solana’s Long Game?
From an infrastructure perspective, this attack serves as a significant stress test for one of cryptocurrency’s highest-throughput chains. Analysis from AInvest notes that Solana has handled up to 93.5 million daily transactions and bursts of roughly 500,000 transactions per second in 2025, with ultra-low fees that attract DeFi, NFT, and high-frequency trading flows.
Solana has also remained outage-free for more than 18 months and now consistently processes more daily transactions than rival smart contract chains combined, according to a mid-year ecosystem report from QuickNode. That stability under load is central to its pitch versus competitors like BNB Chain, Avalanche, and Near.
On the fundamentals side, Solana’s DeFi total value locked surpassed $11.5 billion in Q3 2025, driven by platforms like Kamino and Jupiter, as highlighted by CryptoNewsRadar. Institutional attention has also stepped up since Bitwise launched a U.S. spot Solana ETF in October 2025, per a Reuters report – a structural tailwind that doesn’t disappear because of a single attack window.
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Could SOL’s Price Slide in Wake of Solana News Turn Into a Deeper Crash?
(Source –TradingView, SOL USDT)
Short term, market structure is skewed toward caution. Momentum indicators show Solana’s daily Relative Strength Index near 37 and still falling toward oversold territory, while the MACD is close to a bearish crossover with red histogram bars building below zero – classic signs of mounting downside momentum rather than accumulation.
If $126 fails convincingly, leveraged long positions could be forced out, amplifying the move and validating bears who are already paying up in negative funding to stay short. That’s where the real crash risk lies: not in the DDoS itself, but in sentiment flipping from “buy the dip on strong fundamentals” to “get out before support snaps.”
The counterargument is that robust on-chain activity – including over 22 million active addresses, recently, according to AInvest – plus ETF demand and DeFi growth could encourage dip buyers if the price revisits $100 or below. In that scenario, the DDoS narrative might eventually be reframed as proof of resilience rather than the start of a structural breakdown.
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What Risks Should SOL Traders and Long-Term Holders Be Watching?
The main risk is assuming that “network fine” automatically means “price floor in.” In reality, derivatives data, falling open interest, and shifting macro liquidity can drag SOL significantly lower even if Solana’s validators keep humming along without a hiccup.
There’s also headline risk: repeated stories about attacks can deter new retail entrants, and any actual slowdown or outage would almost certainly trigger a sharper re‑pricing. For readers tracking broader smart-contract plays and ETF‑linked narratives, pairing this story with deeper market risk analysis and understanding how altseason rotations work can help frame SOL’s role in a shifting risk-on/risk-off environment.
For now, the DDoS is a narrative catalyst layered on top of an already cooling market, not a standalone death blow. Traders will be watching whether $126 holds, whether funding normalizes, and whether Solana can convert this stress test into another datapoint in its long‑term “high performance, high resilience” storyline rather than the start of a deeper unwind.
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The post Solana Holds Under Massive DDoS, But SOL Price Tests $126 Floor appeared first on 99Bitcoins.
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