Solana fell 2.97% after a $285M Drift Protocol hack, with TVL dropping to $5.5-6B and over 1.4M SOL moved to exchanges. The foundation launched STRIDE security framework and SIRN response network. Key support at $78; oversold RSI may prompt short-term bounce.

Solana fell nearly 3% to $79.95 after a $285M exploit on Drift Protocol. TVL dropped from $9B to ~$5.5B, and 1.4M SOL moved to exchanges. The Solana Foundation unveiled the STRIDE security initiative to rebuild trust, with key support at $78.

Drift Protocol introduces a token-based recovery framework for the April 1 hack, backed by exchange revenue, Tether's $127.5M commitment, and partner contributions. Affected users receive SPL tokens redeemable for USDT as funds accumulate, with a Q2 2026 relaunch targeted.