Solana’s NFT bear meets a $100M DeFi hack- what’s next?

ambcrypto.com:

Solana [SOL]‘s journey in the cryptocurrency market has been nothing short of a fairy tale with every big player supporting the ecosystem in 2021.

Although in 2022, SOL witnessed a few ‘haunted‘ twists in this tale. From hacks to price corrections to network outages, the list can go on and on.

Here’s AMBCrypto’s Price Prediction for Solana  for 2022-2023

Solana’s native token, SOL, suffered yet another price correction as it consolidated under the $35 level mark on CoinMarketCap. At press time, it stood shy of the $32 mark as it continued to see red flags across various playgrounds.

On the other hand, the Metaplex Foundation, which oversees Solana’s Metaplex NFT protocol,launched an airdrop of its MPLX token for Solana NFT creators. But, the Metaplex token plunged by around 70%. Well, that wasn’t the only blow.

According to OtterSec, a blockchain audit platform, Mango, the DeFi project on Solana, was hacked. The attackers obtained a large number of loans from the Mango treasury by manipulating Mango’s collateral, resulting in a potential loss of more than $100 million.