Solana Patches Critical Flaw—Is This the Catalyst for SOL’s Price Rebound?
Solana’s core engineering team just dropped a major network fix—addressing a bug that could’ve throttled transaction speeds. The patch rolls out as SOL hovers near 3-month lows, sparking debate: Will this technical win translate to market momentum?
Devs bypassed consensus vulnerabilities that occasionally caused nodes to stall. The update cuts downtime risks by 40%—critical for a chain pitching itself as Ethereum’s speedier alternative. Traders now watch whether institutional algos reward the upgrade or dismiss it as another ’blockchain band-aid’ in crypto’s endless bug whack-a-mole.
With SOL’s price still down 60% from its 2024 ATH, the real test begins: Can Solana turn tech resilience into trader confidence? Or will this become another ’fundamentals don’t matter’ moment in the casino we call crypto?
Solana Foundation Flags Critical Vulnerability
Over the last weekend on May 3, the Solana Foundation flagged a critical vulnerability discovered on April 16 that could have allowed attackers to forge invalid zero-knowledge proofs and steal Token-22 confidential tokens, Solana’s privacy-focused assets.
This flaw emerged from the missing algebraic components in the ZK ElGamal proof system, which handles private balance verification. Although there was no exploit reported, the Solana Foundation was quick to deploy patches, with most validators updating their software just within two days.
The issue affected two key programs, Token-2022 and ZK ElGamal Proof, used for token logic and privacy features. Despite the user funds remaining safe, the Solana Foundation faced community backlash for its private communication with validators, thereby raising concerns for centralization and the possibility of validator collusion.
SOL Price Eyes Higher Gains After Attaining Key Milestones
With a healthy 20% recovery over the past month from the $120 bottom, SOL price is now looking to break past the crucial resistance of $150, to stage a rally further to $200 and beyond.
Prominent crypto analyst CryptoBullet has also shared a bullish outlook for Solana, emphasizing the importance of holding above the crucial horizontal support levels as shown below.
$SOL had a great monthly close. It held the Key Horizontal level
As I said, we will spend several months above that level before the inevitable breakdown
Target/Rejection Zone: $190-230 🔨 pic.twitter.com/gpJcOPLHOG
— CryptoBullet (@CryptoBullet1) May 4, 2025
The analyst has identified the $190-$230 range as a potential target and rejection zone for the cryptocurrency in the months ahead.
Furthermore, the Solana blockchain has hit key milestones during the first quarter of 2025, outpacing top peers like Ethereum and Cardano in terms of revenue generation.
The meme coin trading activity on the platform has picked up pace. According to data from Token Terminal, Pump.fun has generated an impressive $294 million in fees year-to-date, surpassing Ethereum’s $249 million.
According to Token Terminal, PumpFun has captured $294 million in fees so far this year, surpassing Ethereum ($249 million). In addition, PumpFun’s weekly fee capture level has surpassed Ethereum for 9 consecutive weeks. https://t.co/sOEC6RF2Do pic.twitter.com/7gcOtDf3io
— Wu Blockchain (@WuBlockchain) May 5, 2025
Additionally, Pump.fun has maintained a higher weekly fee capture than Ethereum for nine consecutive weeks, signaling its growing dominance in the market.
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